Liu Ying Chat Coin: 10.26 Bitcoin (BTC) and Ethereum (ETH) Latest Market Analysis

Family members! The current price of Bitcoin is 80750. From the beginning of October until now, Bitcoin has gone through a standard pattern of rising sharply, then dropping back, and now stabilizing. The previous sharp drop has shaken out all the weak hands. Although the price is currently hesitating below the moving averages, it is clearly no longer dropping, with the 80000 mark acting like a solid support. This is a time that tests the mindset; don't get thrown off by short-term fluctuations. The current low-volume sideways movement is often a preparation for the next big market trend. The EMA moving average system shows a bearish arrangement, and MACD bearish momentum is waning. The price, after running closely along the lower band at 80037, has begun to return to the middle band at 80565, and there are signs of a narrowing range, indicating that volatility is about to increase. As long as the price can stabilize above the Bollinger middle band, a rebound trend will be established.

Suggestions to adopt a right-side breakout strategy, safe operations:

Long plan: Stabilize above 81000 with increased volume, and then cautiously try to go long. Stop loss set at 79000, with a target initially looking at around 81200, and if it breaks, then looking at 82500.

Short plan: If it unexpectedly drops below 79000, then reverse and short at 78800. Stop loss at 79500, targeting down to 77500.

Risk control tip: Currently in a volatile market, be sure to keep position size within 5%, and strictly prohibit heavy betting on direction.

Ethereum

Family members, the current price of Ethereum is 2355. It fell from over 2700 all the way to 2281, and is now barely pulling back to 2356, appearing to take a breath. Many people ask if they can catch the bottom? Don’t rush; let’s first look at the technical aspect before acting. The price has just stood above the short-term moving averages, but there is heavy resistance above. To guarantee profit without loss, wait for signal confirmation. Don't blindly chase highs or panic sell; patiently waiting for opportunities from the market is the key. From the technical indicators, the EMA moving average system is in a bearish arrangement. EMA7 has just been broken by the price, but EMA30 and EMA120 are still suppressing above, forming a three-line resistance pattern. MACD is above the zero axis with a golden cross, and the red bars have appeared, indicating short-term rebound momentum, but the strength is still weak. After the Bollinger bands have narrowed, the price is rebounding close to the lower band, with the middle band at 2389 as a key resistance. If it cannot stabilize at the middle band, the rebound may end at any time. Overall, the bearish trend remains unchanged, but there is a demand for rebound after the oversold condition.

Long position: Enter when the price stabilizes and retraces to 2340-2345, with a stop loss less than 2320, and a target of breaking above 2389 to look at 2413.

Short position: Enter when the price encounters resistance at 2389-2400, with a stop loss greater than 2420, targeting 2300.

Risk control: Position size ≤ 5%, better to miss out than to make a wrong move.

The above content is exclusively original from Liu Ying; please indicate the source if reposting! Article publication reviews may be delayed, and the market changes rapidly; the above suggestions are for reference only, and risk is assumed by the reader.

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