New analysis speaks: Bitcoin's market after October 27, repair.

CN
1 hour ago

Good evening everyone, I am Xin Ya. Let's quickly review the market trends over the past two days. There aren't any particularly important points to note. The price of Bitcoin mainly fluctuates between 80500 and 79500, with the market reacting every time it reaches either side. It is important to note that during the night trading on the 26th, Bitcoin rebounded three times around the 79800 level during the pullback, while it faced resistance three times at this level after dropping during the day.

179310462439125.jpg

We need to mark these three positions as they are important points of divergence in the market. Additionally, over the past two days, the market has oscillated around the 79920-80200 range twenty-five times, while the fluctuation range of 79400-80800 is symmetrically expanding around the above range. Why exactly 280 points? Is the main force playing metaphysics? The Great Way is fifty, Heaven’s transformation is forty-nine, man retreats one, seven days return, two hundred and eighty is the completion, and time will change?

179310463241847.jpg

We are referring to the most similar box structure running currently, which is from March to October in 2025. At that time, after a bearish candlestick appeared, it dropped for seven days and then saw a small reversal. This time it has dropped for six days, and this month is coming to an end. On October 30th, the 10.8 billion option expiration will occur, with the maximum pain point at 78000. The recent market weakness may be influenced by pessimistic sentiment, and the pressure from options has also played a role.

179310465132061.jpg179310465523194.jpg

Structurally, Ethereum shows a one-hour triangular convergence, with multiple fifteen-minute structures, while Bitcoin is forming a wedge pattern. Those betting on a drop will subjectively assume Bitcoin will follow a declining wedge and believe that Ethereum is reaching a four-hour shoulder top. They will convince themselves of this, but we see them as opponents, and the current price has already shown a four-hour bottom divergence, with weak correction of the wedge.

Today's strategy is a slight adjustment to yesterday’s positions, based on our average price:
For Bitcoin: buy at 79500, add at 78800, cut at 78200
For Ethereum: buy at 2300, add at 2380, cut at 2358
Within a week, test successively at 81200, 82200, 83200
For Ethereum: at 2360, 2405, 2450

The focus of the oscillation range is shifting upwards, 79500-81200 for Bitcoin, and 2295-2355 for Ethereum. The corrective trend requires confidence in the market.

179310469831475.jpg

Synchronously follow, pay attention to the public account: Xin Ya Diary

免责声明:本文章仅代表作者个人观点,不代表本平台的立场和观点。本文章仅供信息分享,不构成对任何人的任何投资建议。用户与作者之间的任何争议,与本平台无关。如网页中刊载的文章或图片涉及侵权,请提供相关的权利证明和身份证明发送邮件到[email protected],本平台相关工作人员将会进行核查。

Share To
APP

X

Telegram

Facebook

Reddit

CopyLink