Analysis on 10.17
Yesterday, BTC remained strong and continued to rise to around 68,400, slowly approaching the previous high point. It did not break under the double pressure test. The US market fell back to the low point of 67,000. After going out of the rising pattern again in the early morning, it oscillated and repaired in the 67,400-67,800 range, forming a strong joint conversion. For the current market, it is definitely an absolute multi-head trend during the period approaching the previous high. The low point has gradually risen, and the support has also obviously extended upward.
According to the current technical aspect, the overall price of the currency remains strong, especially now that the daily line has closed positive continuously, BOLL slowly opens upward, and the MACD indicator has signs of golden cross again, which is conducive to the short-term pull-up of multi-head. The overall idea of the daily line is still bullish, and it is also necessary to layout with low and long. In the 4-hour view, BOLL opens upward as a whole, and the MACD indicator golden crosses upward and increases in volume. It can be seen that the strength is still continuing, so we continue to be bullish in the 4-hour aspect.
BTC operation suggestion 66900-67100 duo defense 500 points target 69500
ETH operation suggestion 2605-2615 duo defense 40 points target 2740
