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Blockchain Liangqiu: 10.26 Bitcoin/Ethereum Trading Strategy with Market Analysis
Bitcoin/Ethereum saw another spike overnight, with Bitcoin's price fluctuating within a 3000-point range. The upper limit of 68500 faced selling pressure again, and we entered a long position at a low during yesterday's daytime trading, taking profit near 68500, which is also visible in previous posts. We have emphasized that 68500 is under pressure multiple times. Friends who followed the trading idea re-entered short positions in the evening, and the overall space is still quite large. Currently, after a rapid decline in the early morning, the market has stabilized somewhat. During the decline, Bitcoin's price touched a low of around 65600 but did not break the previous two days' low of 65200, indicating a possibility of a rebound.
The hourly and four-hour charts have shown multiple long lower shadows, with a serious tug-of-war between bulls and bears, especially as the hourly chart has started to rebound. If stability is achieved, the rebound will continue. Moving forward, we will mainly focus on whether Bitcoin can form effective support at the lower point of the previous two days, while still watching for a breakout above 68500. On the daily chart, the 66000 level serves as a significant resistance level from previous attempts, and it has now formed relatively solid support.
In terms of trading, we will enter long positions for Bitcoin around 66100 to 66500, targeting near 68000; for Ethereum, we will enter long positions around 2410 to 2430, targeting near 2500. The post has practical effectiveness, with specific guidance based on real-time updates. #加密货币市场持续震荡 #BTC #ETH
Bitcoin/Ethereum saw another spike overnight, with Bitcoin's price fluctuating within a 3000-point range. The upper limit of 68500 faced selling pressure again, and we entered a long position at a low during yesterday's daytime trading, taking profit near 68500, which is also visible in previous posts. We have emphasized that 68500 is under pressure multiple times. Friends who followed the trading idea re-entered short positions in the evening, and the overall space is still quite large. Currently, after a rapid decline in the early morning, the market has stabilized somewhat. During the decline, Bitcoin's price touched a low of around 65600 but did not break the previous two days' low of 65200, indicating a possibility of a rebound.
The hourly and four-hour charts have shown multiple long lower shadows, with a serious tug-of-war between bulls and bears, especially as the hourly chart has started to rebound. If stability is achieved, the rebound will continue. Moving forward, we will mainly focus on whether Bitcoin can form effective support at the lower point of the previous two days, while still watching for a breakout above 68500. On the daily chart, the 66000 level serves as a significant resistance level from previous attempts, and it has now formed relatively solid support.
In terms of trading, we will enter long positions for Bitcoin around 66100 to 66500, targeting near 68000; for Ethereum, we will enter long positions around 2410 to 2430, targeting near 2500. The post has practical effectiveness, with specific guidance based on real-time updates. #加密货币市场持续震荡 #BTC #ETH
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