Analyst Liang Qiu: On October 17, Bitcoin and Ethereum experienced a rapid decline; first, let's look for a wave of oversold rebound.

CN
19 hours ago

Follow for more, earn millions. Hello everyone, I am analyst Liang Qiu. Here I share my views, hoping that every friend who follows can achieve good returns!

You can follow the public account Analyst Liang Qiu bb, focusing on mainstream coin guidance and layout. Bitcoin and Ethereum have just entered the market with a pullback on long positions, resulting in a rapid drop that directly triggered losses. Currently, the market has broken the 107,000 line and has come down to around 105,800. The primary focus below is the 105,000 line. If it continues to break down, the market will face the 102,000 line again. This round of decline has dropped from 113,500 and around 4,300 to the current 105,800 and around 3,760, with a relatively large overall amplitude. It is not advisable to chase short positions at this point. The daily candlestick support is also at the 105,000 and 3,730 lines, so we can look for a rebound to make up for losses.

Operation suggestion: Enter long positions for Bitcoin around the current price of 105,800, targeting around 107,500; enter long positions for Ethereum around 3,770, targeting around 3,860, with stop-loss set at 104,800 and 3,720 lines.

Currently, the market outlook is relatively good. I recommend trading altcoins like ORDI, LPT, SOL, and UNI in a swing trading manner, with specific operations based on real-time guidance. For more strategies, you can follow the public account: Analyst Liang Qiu bb.

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