Interpretation of Cryptocurrency Market on OCT 10 2022

The market rebounded slightly yesterday, and the volatility was further reduced. The volatility of BTC price was less than 2% throughout the day, and that of ETH was less than 3%. The market has reached an extremely deserted period. In the short term, both long and short positions can be opened reasonably. For long positions, the market has withstood a lot of bad bears and did not fall sharply, the support force is obvious. The price is already very low, even if it falls again, the space will not be too large. For short positions, in terms of the imminent hike in interest rates again, the Q3 financial report performance of US stocks is under pressure, and there are still potential negatives in the near future. Coupled with the volatility of the market, which has been shrinking, after the extreme desertion, the probability of sudden volatility is increasing.
Continuing the previous idea, a small amount of short positions prevents the market from falling for the last time, but after breaking through the bear market decline channel, short positions need to leave the market. The current short positions can no longer be expected to make a big profit. As for long positions, yesterday I mentioned a time point. There is a week time left for long positions at most. The Federal Reserve will hike interest rates again on November 3rd. Moreover, the market is extremely deserted, indicating that the bear market has come to an end, and if you are too worried about short-term losses, you may lose valuable low-priced chips, but risk awareness is a must premise.