Liangqiu, Blockchain: 10.17 Bitcoin/Ethereum high short positions patiently hold and wait for further decline

Bitcoin/Ethereum has fluctuated sideways at high levels for many times in the past two days. Bitcoin once reached a high of around 68,400 and then began to fall. We have repeatedly emphasized that the 68,000 to 68,500 line of Bitcoin is the dividing line between long and short positions at the previous daily level. Short positions can only be entered when positions are arranged well. There is not much space at any time, but there is no need to chase more. In fact, looking back at the market in the past few days, during the process of Bitcoin's multiple highs, the cottage did not follow closely, and even during the process of Bitcoin's retracement, it fell significantly. Bitcoin has risen by 9,500 points from the low point of this round of rise to the current highest point, and the risk of long positions has increased significantly.

In the four-hour view, Bitcoin has closed multiple negative lines in a row. The bulls have shown signs of fatigue after the highs and falls. Even after the decline, it is not advisable to chase more, and it should continue to go short when the highs are pulled up. After all, the short-term pull is too large. Moreover, the four-hour Bollinger Bands have begun to shrink, and the trend has already emerged. The momentum for further rise is insufficient. The upper 68000 to 68500 is still the high point of this round of market suppression.

Operational suggestions: Continue to hold high short orders patiently, continue to enter short orders near Bitcoin 67400 to 67700, the first target is 65500, and the second target is 64500; continue to enter short orders near Ethereum 2635 to 2655, the first target is 2550, and the second target is 2460. The posting is effective, and the specific strategy is mainly based on real-time guidance. #美国大选如何影响加密产业？ #BTC #ETH