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10.16 Bitcoin and Ethereum market trend analysis and trading suggestions!

CN
允彦
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5 months ago
AI summarizes in 5 seconds.

Trading Philosophy: Look for trends in the long term, find entry points in the short term;

Technical Analysis: For Bitcoin, the daily candlestick closed as a bearish candle near 110700, the Bollinger Bands are starting to contract, the MACD moving average continues to move downward, bearish volume continues to increase, and the KDJ continues to move downward. On the 4-hour chart, the Bollinger Bands continue to slowly contract, the MACD moving average begins to flatten and move upward, bullish volume starts to slightly increase, and the KDJ line begins to move upward;

For Ethereum, the daily candlestick closed as a bearish candle near 3980, the Bollinger Bands continue to run flat, the MACD moving average continues to move downward, bearish volume continues to decrease, and the KDJ line begins to flatten and move upward. On the 4-hour chart, the Bollinger Bands start to contract downward, the MACD moving average begins to flatten, bearish volume continues to slightly increase, and the KDJ line begins to move upward;

Currently, the market has tested the lower support multiple times, which remains quite strong; you can go long based on the support!

Operation Suggestion: Go long at low levels!

Go long on Bitcoin at 110500-111000, target 112000-113000, stop loss at 109000;

Go long on Ethereum at 4000-4030, target 4100-4200, stop loss at 3940;

The strategy is time-sensitive; please refer to private real-time guidance for specifics!

Scan the QR code below to follow our WeChat public account for more real-time market updates!

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Selected Articles by 允彦

5 months ago
10.27 Bitcoin and Ethereum market trend analysis and trading suggestions!
5 months ago
10.27 Bitcoin and Ethereum Trend Analysis and Trading Suggestions!
5 months ago
10.24 Bitcoin and Ethereum market trend analysis and trading suggestions!
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