10.29 Bitcoin Ethereum Late Market Thoughts

In recent days, the price of Bitcoin has continued to rise, approaching a new high, and the bulls are fierce. In my previous article last week, I clearly stated that I would arrange long orders in the middle line, with the target at 72,000. Now the highest price of Bitcoin has reached 71,600. The intraday strategies given recently are all long orders, and every day is also full of gains.

At present, the price of Bitcoin is fluctuating at a high level, and the market has entered a stalemate stage. After a short game, the final result is definitely a victory for the bulls. In this market, it is difficult to observe the technical side when the market is rising so violently. Although many indicators of the technical sub-chart indicators are overbought, the indicators show that there is a need for a callback, but under the extreme market and the market sentiment of the bulls, who dares to go short? You can only go long with the previous support of 4 hours, and the support below is 70,600. With such a strong bull market, try to enter the market in advance to get tickets.

Idea:

BTC: Wait for a pullback to around 71,000 to enter long orders, the first target is around 72,100 and the second target is around 73,000.

ETH: Ethereum's trend is still relatively stable, just like I said yesterday, it has risen steadily. There is a high probability that Ethereum will rise tonight. Go long at the current price around 2,625, the target is 2,700, and the break is 2,740.#BinanceBlockchainWeek #BTC触及7W #比特币布林带收窄至低水平 $BTC $ETH $BNB