Cryptocurrency Circle Liying: October 28 Monthly Downtrend Ends, Signs of a False Surge Emerge! Latest Market Analysis and Trading Suggestions for Bitcoin and Ethereum

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11 hours ago

Li Ying in the Cryptocurrency Circle: Bitcoin Latest Market Analysis on 10.28

Article Published on 2025.10.28------00:30

The current price of Bitcoin is 115,300. Li Ying believes that Bitcoin still maintains an upward trend, but the trading volume has drastically decreased, leading to a divergence between price and volume, which weakens momentum and requires caution regarding the risk of price inflation. The price is approaching the strong resistance level of 116,000. If there is no volume confirmation for a breakout in the short term, this resistance level may become a trigger point for a price correction. After experiencing a significant rise recently, the daily chart is currently in a high-level consolidation phase, and bullish strength has weakened. The 2-hour candlestick chart shows significant selling pressure near the swing high of 115,607, with short-term support around 114,500. The MACD on the daily chart shows weakening momentum, and the divergence between bulls and bears is intensifying on the 2-hour chart. The EMA on the daily chart shows a bullish arrangement trending upwards, with 113,503 as support below. Therefore, Li Ying believes that in the short term, the price may maintain a consolidation between key support and resistance levels.

Short-term Trading Ideas:

  • Long Entry: 114,000, Stop Loss: 113,500, Take Profit: 115,500
  • Short Entry: 116,000, Stop Loss: 116,500, Take Profit: 114,500

Ethereum Latest Market Analysis

Before publication, the current price of Ethereum is 4,190. Li Ying observes that Ethereum is currently operating near a strong resistance level, and both technical indicators and external conditions have not provided clear trend-driving signals. The price is above both short-term and long-term moving averages, with the moving averages sloping upwards. The strengthening momentum and bullish engulfing pattern resonate, increasing the likelihood of a short-term rebound. However, the trading volume has drastically shrunk, and the price-volume relationship is unhealthy, indicating that the rise lacks effective support, and the risk of a pullback cannot be ignored. The price is on an upward trend on the 2-hour chart, with higher highs and gradually increasing lows. The MACD shows enhanced momentum on the 2-hour chart. The EMA presents a typical bullish arrangement, supporting the price to continue strengthening. Li Ying suggests primarily taking long positions while considering short positions as a supplement.

Short-term Trading Points:

  • Short Entry: 4,250, Stop Loss: 4,300, Take Profit: 4,150
  • Long Entry: 4,120, Stop Loss: 4,070, Take Profit: 4,230

The above content is exclusively original by Li Ying. Please indicate the source when reprinting! The article's publication review may have delays, and the market changes rapidly. The above suggestions are for reference only, and risks are borne by the reader. I hope Li Ying's insights will be helpful to you!

The content of the article is time-sensitive and for reference only; risks are borne by the reader.

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