📊 Market Overview

As of October 16, the cryptocurrency market has shown a consolidating trend.

Bitcoin (BTC) is currently priced around $106,827, with a decline of approximately 4.3% over the past week. Ethereum (ETH) is priced at around $3,822, down by 5.1%. BNB is trading at about $1,100, down by 7.5%. Cardano (ADA) is priced at $0.628, with a decline of 6.5%.

🔍 Market Analysis

1. Macroeconomic Impact

Recently, US President Trump announced a 100% tariff on Chinese tech products and imposed key software export restrictions, causing market volatility worldwide. The cryptocurrency market saw a historic sell-off on October 10, with a market cap loss of around $19 billion. Although there was a subsequent rebound, market sentiment remains cautious.

2. Technical Analysis

• Bitcoin (BTC): The current price is near $106,000, having broken key support levels. If it fails to rebound, it may test the $100,000 support level.
• Ethereum (ETH): ETH has broken below $3,900 and may face support around $3,500 in the short term.
• BNB: The current price is around $1,100, near the $1,050 support level. If it breaks this support, it may fall further to $950.
• Cardano (ADA): Priced at $0.628, ADA is nearing the $0.60 support level. A breakdown below this level could push the price towards $0.50.

📈 Investment Recommendations

• Conservative Investors: It’s recommended to watch the support levels of Bitcoin and Ethereum and wait for market stabilization before entering.
• Aggressive Investors: Consider looking for potential rebounds in BNB and Cardano, but be mindful of short-term downside risks.

🧭 Risk Warning

The global macroeconomic uncertainties, especially the tensions in US-China trade relations, may continue to impact the cryptocurrency market. Investors should remain vigilant and adjust strategies accordingly.