10.24 Bitcoin and Ethereum market trend analysis and trading suggestions!

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7 hours ago

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

Technical Analysis: For Bitcoin, the daily candlestick closed bullish around 110,000, the Bollinger Bands are starting to contract downwards, the MACD moving averages are beginning to flatten and move downwards, bearish volume continues to decrease, and the KDJ is starting to move upwards again. On the 4-hour chart, the Bollinger Bands continue to run flat, the MACD moving averages are continuing to move upwards, bullish volume is increasing, and the KDJ line is starting to move upwards;

For Ethereum, the daily candlestick closed bullish around 3,855, the Bollinger Bands are starting to contract downwards, the MACD moving averages are beginning to flatten, bearish volume continues to decrease, and the KDJ line is starting to move upwards. On the 4-hour chart, the Bollinger Bands continue to run flat, the MACD moving averages are starting to move upwards, bullish volume is beginning to increase, and the KDJ line is starting to move upwards;

The high-position short positions laid out yesterday have also achieved a certain space for profit-taking. Currently, the market is still fluctuating up and down, and it is recommended to continue shorting at high positions in subsequent operations!

Operation Suggestion: Short at high positions!

Short Bitcoin at the current price of 111,200-111,700, with a target of 110,000-109,000, and a stop-loss at 113,000;

Short Ethereum at the current price of 3,970-4,000, with a target of 3,900-3,850, and a stop-loss at 4,050;

The strategy is time-sensitive, and specific guidance should be based on real-time private advice!

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