Brief analysis of market trends and operational suggestions on October 20
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Market review
After a day of shock yesterday, the market still went up slightly. In this range-bound trend, the price of Bitcoin dropped to the lowest line of 28103 after a slight dip. Then it rebounded and fluctuated upward until the price reached the highest level of 28943 in the evening. After that, it began to fall back under pressure, and the market is currently fluctuating around 28750.
Market analysis
From the daily level, the price has continued to rise strongly, and the upward space of the operating channel has been strongly pushed away. In terms of volume, the bulls have continued to increase the volume, and the moving averages have also consistently maintained an upward posture. In terms of rhythm, the bulls have performed strongly. It is very obvious, but it is not enough to form a unilateral trend. In terms of rhythm, it is still in the stage of bull recovery and rise, so our thinking is still based on bulls.
Operation suggestions
BTC
28500~28600 is directly more, the target is 29000
ETH
