Analyst Chen Shu: October 22nd Highs and Lows Focus on 10.75 Support and Losses, Bitcoin and Ethereum Trend Analysis

From the daily chart of Bitcoin, yesterday's market surged and then fell back, closing with an upper shadow green candlestick. The price rebounded and tested the MA120 daily moving average before pulling back. The short-term trend remains weak, with support below focusing on the MA256 daily moving average at the 10.38 level. It is recommended to primarily short on rebounds. On the hourly level, the key position remains the MA256 daily moving average at 110,000. Short-term support can be observed at the previous fluctuation level of 10.75; if this level is lost, it will look down to 10.38. Conversely, if it holds, it will continue to see range-bound adjustments.

From the daily chart of Ethereum, yesterday also closed with an upper shadow green candlestick. The price has currently lost the MA120 daily moving average at the 3900 level. Attention should be paid to whether the price can regain above 3900. A complete loss will lead to further short-term weakness. Short-term support can be observed at the 3800-3750 level, while resistance is at the 3900-3980 level, which should be viewed as a weak range-bound fluctuation.

Midday Operation Strategy (Written at: 13:30):

BTC: Short at 10.9, add short at 11.05 on rebound, target 10.8/10.75; below 10.75, take a small stop loss and look for a rebound of 1-1500 points.

ETH: Short at 3900, add short at 3980 on rebound, target 3830/3760; below 3750/3660, look for a rebound of 8-150 points.

The daily analysis strategy has a very high win rate! Analysis is not easy, so I hope everyone can give a free follow, save, like, and comment. Thank you all, and feel free to leave comments below; I will reply to each one.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。