Bitcoin ETH has a major correction. Is this wave of bulls over?

Vitalik 2025-10-16 08:25 18158人围观 ETH

Today is Wednesday, October 8, 2025. Bitcoin has seen a significant pullback after hitting all-time highs. The current market is highly volatile and bulls have suffered serious losses. Institutions are still optimistic about the long-term trend, but it is

Institutional Perspectives and Operational References

Despite the market correction, several mainstream financial institutions have not changed their views on the long-term trend of Bitcoin.

Institutional price target: Goldman Sachs maintains year-end Bitcoin price target of $135,000； Morgan Stanley raised its target price to $140,000, but warned that if the U.S. dollar index breaks through 105, Bitcoin may fall back to 115,000 ； UBS recommends buying in batches near 120,000.

Overall, Bitcoin's correction after hitting new highs is the result of a combination of factors, including technical selling pressure, changes in the macro environment and regulatory uncertainty. Short-term market sentiment has turned cautious, but the long-term bullish logic remains unchanged. Investors need to pay close attention to key support levels and the trend of the US dollar index, and strictly control risks.

I also told you in the previous article that you must pay attention to taking profits after refreshing the timely high. Prices undergo a deep correction. From the high point near 126200 to today's low point near 120500, the correction range exceeds 5,000 US dollars. ETH also fell from a high of around 4750 to $4400, a drop of $350.

As of now, the price of Bitcoin is fluctuating around 122,500. In terms of operation, I think it is time to place a long order. I will cover the position once at 121,500 and place the stop loss at the low of 120,500, with a target near 125,000. If it falls below 120,000, it will follow up with a short order and the target will be around 118,000.

For ETH, the same is true for simultaneous long orders, placing the stop loss at 4400 and the take profit at around 4600. If it breaks below 4400, it will follow up with short orders and look towards 4300--4250 below.

The National Day and Mid-Autumn Festival holidays are over, and everyone has to return to normal work. There is no such thing as a market shutdown in the currency circle, and there is an opportunity at any time.

The next important festival is the Chinese New Year, which is still more than 4 months away. There are less than three months left in 2025, and time flies by. I hope I can gain something with you in the remaining three months and give 2025 a satisfactory answer.

If your own operation is not ideal, please send a private message in time to friends who need to follow the order. I will send private messages to the friends who follow the orders in time to remind them to enter and exit the market.