Liying Chat Coin: Latest Market Analysis of 10.23 Bitcoin (BTC) and Ethereum (ETH)
Family! The current price of Bitcoin is 81450, which is awkwardly situated, neither going up nor down. A few days ago, it experienced a decent rebound, peaking around 85000, but failed to stabilize and has now dropped back. The short-term moving averages have started to turn downwards, indicating that the short-term upward momentum has clearly diminished. The current market is a typical oscillating market with pressure above and support below. The MACD indicator is showing increasing downward momentum, with no signs that the adjustment has ended. Regarding the Bollinger Bands, the price has touched the middle band at 83124 and is seeking support from the lower band at 81117; the middle band has transitioned from support to strong resistance. Overall, the technical resonance indicates a significant risk of a short-term pullback, and the bullish defense line is precarious.
Current market suggestion: Mainly short positions, with a little long.
Short position strategy: Enter on a rebound to the 82000-82200 range, with a stop-loss set above 82800, targeting 80000; if it breaks below 81000, follow the trend and short, with a stop-loss at 81500, targeting 79800.
Long position strategy: Do not rush to catch the bottom; wait for a dip to 81100 to stabilize or a long lower shadow before attempting light positions, with a stop-loss set below 80500, targeting 82500.
Reminder: The market is highly volatile, so be sure to strictly set stop-losses and manage position sizes.
Ethereum
Family! The current price of Ethereum is 2390. From the chart, the previous significant drop has drained the market enthusiasm, and now, although it hasn’t continued to set new lows, it also can’t seem to rise, like a sick person who has just recovered from a fever and is still lying in ICU for observation. The moving average system is pressing down from above, especially that purple long-term moving average, acting like a ceiling. The current trend is typically unable to fall or rise, with the MACD indicator operating below the zero axis, and the strength of the rebound is questionable. The middle band is at 2452, and the lower band support is at 2384. The current price is in a weak zone between the middle band and the lower band, and is testing the effectiveness of the lower band support. If it cannot stabilize at 2384, it may trigger a new round of bottom testing; if it can break through the middle band at 2452, only then will it confirm a reversal signal.
Oscillation strategy: High sell and low buy, with defense as the main focus.
Short Selling
Try to short on a rebound to 2430-2440 when it meets resistance.
Stop-loss: 2455 Target: 2390-2385
Long Buying
Short buy on a dip to 2380-2385 to bet on a rebound.
Stop-loss: 2370 Target: 2410-2420
Core Logic
In a weak oscillating market, do not trade the intermediate ranges, only take the extremes. Strictly set stop-loss, and run if the level is broken.
The above content is exclusively original by Liying; please indicate the source when reprinting! Article publishing review has a delay, and market conditions change rapidly; the above suggestions are for reference only, with risks borne by the reader.
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