Why did Bitcoin plummet during the National Day? How to operate in the future? Attached is the strategy for unwinding long orders
Many people are asking why it suddenly plummeted yesterday. Although there is a need for a correction on the technical side, the main trigger for the sudden drop is still the influence of the geopolitical situation: Iran launched a series of ballistic missiles at Israel yesterday (October 1) in retaliation for Israel's attack on Tehran's Hezbollah ally in Lebanon. Israel vowed to strike back at the enemy. After the news of Iran's missile attack came out, the price of the currency plummeted all the way.
Looking back at the market, Yanling's article at noon yesterday gave everyone the point of 64,000 to go short directly (for details, you can check my article yesterday: Zhou Yanling: Treat it with weak shocks before the 10.1 non-agricultural data. Today's Bitcoin and Ethereum latest operation strategies are here). I wonder how many people followed it? Old fans must have followed it and made a lot of money, hahaha. Without further ado, let's get straight to today's topic. The current coin price is fluctuating around 61,500. After last night's continuous smash, the white market began to repair and rebound today. The daily and 4-hour lines are both under pressure and fall back from high levels. The current 4-hour structure is very weak and has obvious resistance. There are still signs of a short-term decline. In addition, everyone still needs to continue to pay attention to the news today and not be careless. The short-term operation of the coin price is extremely critical around 62,500. If it cannot break above here before the non-agricultural data in a short period of time, then there is basically no hope for an increase. Intraday operations should continue to rebound and go short.
10.2 Bitcoin operation strategy: 1. 62200-61800 short, stop loss above 62700, target 60500-60000, continue to break down to see around 59200, then around 57800
2. If 59000 is not broken below, go long with a light position, 59100-59600 long, stop loss below 58500, target 60100-60600
10.2 Ethereum operation Trading strategy:
1. Short at 2510-2480, stop loss above 2550, target 2440-2410, continue to break down and look at around 2345
2. Long at 2340-2380, stop loss below 2300, target 2410-2450
This article is exclusively shared by senior analyst Zhou Yanling. If you need to know more about real-time community guidance, unwinding consultation, and market reading skills, you can follow the teacher to find the teacher
