Trader Chen Shu: Bitcoin and Ethereum market strategy No. 2 at noon on October 15, the market price will rise after hitting a high of 6.65 and then fall.

The article analysis at noon on October 14 gave a long order near 6.35/2510, but the long order was only given near the entry point, which was a little different from the article point. At midnight, it gave a long order at 6.54/2520 again. Ethereum rose to 2650 at the entry point. The current market price hit a high of 6.65 and then fell. Please see the following analysis for how to operate.

From the daily chart, Bitcoin received a big positive line yesterday and hit the previous high of 6.65. The moving average indicator diverged seriously. The daily level remained strong and tested the left shoulder 6.65 pressure. Pay attention to the subsequent breakthrough. In the 4-hour chart, the short-term false breakthrough of 6.65 was a real correction below the MA5-day moving average, breaking the previous strong upward pattern. In the short term, the 4-hour MA10-day moving average (6.48) was first supported. After the 1-hour level fluctuated, it currently fell below the MA5/10-day moving average, and turned downward to test the 1-hour MA30-day moving average, which is 6.5. The correction market will be seen first.

The trend of Ethereum is basically consistent with the analysis of the article at midnight yesterday. The price rose and tested the weekly MA60-day moving average (2660) and then fell back. If the short-term pressure level of 2660 cannot be broken, it is expected that there will be no new rising band; in the 4-hour chart, the short-term correction fell below the MA5-day moving average. The correction market will be seen first during the day.

Lunch operation ideas:

BTC: short light position near the current price of 6.55, target around 6.48; long position in the range of 6.48-45 below, target around 6.6, break through and reduce position to hold

ETH: short light position at the current price of 2615, target around 2570, long position enters the market synchronously with Bitcoin

Note: The current short-term trend is a correction and callback after the over-rise, which does not mean that the market is completely short. Shorting needs to pay attention to the strength of the callback. If the callback is strong, you need to wait for the opportunity to go long. The overall trend is still bullish, and the pressure level is to pay attention to the breakthrough of 6.65. It is expected to fall first and then rise within the day.

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