Analyst Liang Qiu: On October 28, Bitcoin/Ethereum may still have room for decline in the early morning.

CN
4 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. In the process of Bitcoin/Ethereum's daytime market surge, I repeatedly reminded about the 4250 and 115800 strategies in articles and videos. The market has also fluctuated down to the 114400 and 4120 levels, and the overall space is visible. The market's surge and subsequent drop have broken the recent upward trend, showing a tendency to shift from strong to weak. The bearish sentiment continues in the evening, and the rebound strength is weak.

From the daily perspective, Bitcoin/Ethereum has directly broken the middle band area of the daily Bollinger Bands. As mentioned during the daytime, we need to pay attention to the upper resistance at 117000 and the 4280 to 4300 levels. Meanwhile, the daily chart has also ended the recent downward trend with a long upper shadow, and the market has started to decline without signs of stabilization, leaving more space below. Multiple attempts to test the lower points have not resulted in a sustained rebound, and the bearish outlook continues into the early morning.

In the early morning, the operation suggestion is to short Bitcoin around 115300 to 115800, targeting around 113500; for Ethereum, short around 4190 to 4220, targeting around 4060.

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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