10.21 Bitcoin and Ethereum Intraday Market Analysis and Trading Suggestions

CN
4 hours ago

Intraday Analysis: From the 4-hour chart of Bitcoin, after a previous surge, the market has entered a pullback phase, but the bearish candlestick bodies remain relatively small. This characteristic directly reflects the limited strength of the short-term pullback, preventing the bearish momentum from breaking through the key support below. From the 1-hour chart, the Bollinger Bands, MACD, and KDJ indicators are all trending downwards, indicating a clear attempt to test the support around the 50.0 position near 119600-119100. If this level is broken, it will return to the strong support level around 108000.

Ethereum rebounded to a high of 4085 yesterday before gradually falling back to around 3955, forming a series of bearish candlesticks, showing a trend of oscillating downwards. From the 1-hour chart, we can see that the price quickly broke below 3970 from around 4003 and has been oscillating at lower levels, failing to effectively break through the EMA resistance at 4000-4025 in the short term. The MACD indicator on the hourly chart is in the bearish zone, with a death cross pointing downwards and increasing green bars, indicating that there is still a possibility of a decline in the short term. If the support at 3930-3900 is broken, it will drop to the strong support level around 3800.

Trading Suggestions: For Bitcoin, consider shorting around 110500-111000, with a stop loss at 111500 and a target around 109300-109000. If broken, look for a target around 108000-108200; if not broken, consider going long.

For Ethereum, consider shorting around 3990-4025, with a stop loss at 4050 and a target around 3900-3930. If broken, look for a target around 3800-3820; if not broken, consider going long.

This strategy is for reference only; please invest cautiously and secure profits. (For real-time updates, follow the public account: Ethereum Kai)

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