24/10/21BTC is about to complete the deep-sea crab, ETH converges to a triangle breakthrough and rebounds, has the weekly level market arrived?

Bitcoin closed above the rising flag on a weekly basis and opened higher this week at 69,500, only one step away from the bearish deep-sea crab pattern of around 70,000 that we mentioned. This wave of rebound from the pin 58,946 to 60,300 to remind the layout and then to increase positions after breaking through the falling trend line, has made a profit of 9,000 points. Ethereum broke through the 4-hour trend line at around 2,455 and has risen by 330 points as of the time of writing. Congratulations to those who have followed this wave and made money.

The weekly MACD turns over the zero axis and the fast and slow lines cross. This is a weekly level rebound that must at least break through 74,000. The next target is 90,000-100,000. If you cannot find the best point to trade or are still paying attention to the small level of dozens or hundreds of points, you may miss the bull market trend.

Flatbread

The daily line continued to break through the highest point and reached around 69500. After the high point of 67950 on the 15th, we reminded that the trend was narrow and the price rose in a millstone. It took only 5-6 days to move about 1500 points. Previously, we also reminded that the support moved up from 66666 to 67600. Now the support continues to move up to 68500.

The 4-hour and 1-hour levels have also moved out of the channel with a lower slope on the way up. Although the market will be extremely FOMO every time the market rises to around 70,000, the open positions of Bitcoin contracts on the entire network have exceeded 40 billion US dollars. For friends who do not have positions, we still remind them that there is no need to chase highs. Pullbacks are still good entry opportunities. We will also remind them when to add positions after a pullback.

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ether

The daily line broke through the convergence triangle last night. The next pressure is 2820. The previous daily line also reminded that it has formed a non-standard head and shoulders bottom pattern. Once it breaks through, there is a chance of a good market. The weekly MACD is a little worse than the big cake, but the morning star closed last week is also a bullish signal. If it breaks through the 2820 neckline, there is a chance to complete the bat pattern and look towards 3300, but don't chase highs.

The ETH/BTC exchange rate has rebounded after fluctuating at the bottom for a few days. We should also pay attention to whether the daily triangle pattern will be broken.

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