Bullish forces test 69000 and pull back, beware of bears! 10.24 Bitcoin Auntie's strategy analysis
US stocks opened high and closed slightly higher, compared to the previous day's US stock performance, it still showed a lower trend. The cryptocurrency price surged again in the early morning, peaking at 68847 before pulling back, while Ethereum peaked at around 2559 before pulling back, suggesting a shorting strategy that aligns with the trend!
From a technical perspective, the daily candle shows a long upper wick with a solid bullish body, the Bollinger Bands are trending upwards, the cryptocurrency price is operating below the upper band, KDJ's three lines have crossed downwards, and MACD's two lines are basically in a converged state at a high position, with trading volume severely reduced. Currently, the daily chart shows a topping signal and a risk of pullback!
On the four-hour chart, the cryptocurrency price surged at midnight, but the Bollinger Bands did not open significantly. The morning closed with a hammer candle's bearish body, KDJ's three lines are turning downwards from a high position, MACD's two lines are trending upwards, and trading volume is beginning to decrease. The short-term outlook on the four-hour chart also appears bearish!
Combining the overall market with US stocks, the rise in cryptocurrency prices is only influenced by capital inflow, and US stocks do not support such a large increase. Therefore, Conan remains bearish, with a focus on shorting at high positions during the day! Key resistance levels are 68300 and 69000, while support levels are 67300, 66000, and 65000.
10.25 Bitcoin trading strategy: Enter short around 68200 on a rebound, add positions near 68800, protect above 69000, target 67300-66500, break below watch for 66000-65000.
Long position strategy: Attempt to enter long around 66500, protect near 65000, target 800-1200 points, hold on if broken!
10.25 Ethereum trading strategy: Aggressive traders enter short near 2550, conservative traders enter around 2580-2600, protect above 2630, target 2500-2450, break below watch for around 2400.
Long position strategy: Attempt to go long near 2450, protect at 2400, target around 2500-2530, break below watch for around 2560.
As the election approaches, market sentiment is high, and capital continues to flow in. Each election has a clearing of bullish positions, followed by the start of a bullish market. Execute trades with appropriate stop-loss measures based on your own position to control risks! If uncertain or not performing well, recognize Conan's trend-following philosophy. Let's charge forward and reach the shore together! #以太坊Pectra升级如何影响生態？ #ETHBTC汇率新低 #盘整行情分析
