Liying Chat Currency: 10.22 Bitcoin (BTC) and Ethereum (ETH) Latest Market Analysis
Family! Although the current price of Bitcoin has rebounded to 84500, it is clearly noticeable that there is significant selling pressure above. Many seasoned investors may become confused at this time, thinking it's a reversal and wanting to chase the high, or feeling hopeless and wanting to cut losses. In fact, this is the time that tests one’s mentality; the current signals from technical indicators are quite subtle. First, looking at the moving average system, the price is above all key moving averages, which is a good phenomenon. However, the MACD indicator shows that the DIF and DEA are operating above the zero axis, indicating that the upward momentum is still not strong enough, representing a mild rebound. In terms of the Bollinger Bands, the price is currently operating between the middle track 82627 and the upper track 84234, and has even pierced through the upper track, which usually means short-term overbought, and there is a need to pull back to the middle track to confirm support. Overall, the technical outlook is slightly bullish, but one must be cautious of the risk of a pullback after rising.
Based on the current oscillating bullish market, the stable operation strategy is as follows:
Long Position Strategy:
It is recommended to wait for a pullback to stabilize at 83600-83800 before intervening.
Stop Loss: Below 82400
Target: First target 86000, if broken, look at 87000
Short Position Strategy:
Wait for a rebound to the pressure zone of 85000-85500, and enter when a long upper shadow or a bearish engulfing signal appears.
Stop Loss: Above 86200
Target: Look back to near 83000
Core Principle: Better to miss out than to make a wrong move; always maintain strict stop losses.
Ethereum
Family, the current price of Ethereum is 2510. What does this indicate? It indicates that the bears can no longer push down, and the bulls are starting a tentative counterattack. The position of 2500 is crucial; it is both a psychological barrier and a previously concentrated trading area. If it can hold above this level, it would be a victory. Currently, market sentiment is shifting from panic to a wait-and-see approach, with even a slight sense of expectation. As long as it does not fall below 2450, the short-term trend is slightly bullish. Technical indicators have all turned warm; the MACD has continued to expand after a golden cross below the zero axis, and the dual lines of DIF and DEA diverging upwards indicate that bullish momentum is accumulating; the middle track of the Bollinger Bands has shifted from downward to flat, with the price stabilizing at the middle track and touching the upper track, indicating that the volatility is contracting and a directional choice is imminent; comprehensively speaking, the technical indicators have sent out a bottom reversal signal, but it is necessary to be cautious of false breakouts; it is recommended to wait for confirmation after a pullback before adding positions.
Long Position: Enter in batches at 2480-2490 with a stop loss at 2440.
Short Position: Short if blocked at 2550-2560, with a stop loss at 2600.
Position: ≤10%, keep enough bullets.
Discipline: Don't be attached to battles, don't hold positions, and follow the trend.
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