Blockchain Liangqiu: 10.20 Bitcoin and Ethereum early morning operation strategy with market analysis

Bitcoin/Ethereum fluctuated sideways again over the weekend. In fact, Bitcoin has been sideways many times since Bitcoin broke through 68,000. Last night, it even rose to around 69,000. The overall market remains high, which also depends on the recent surge in gold. In terms of the Bitcoin K-line pattern, the recent price fluctuates between 68,000 and 69,000, forming a high-level oscillation consolidation pattern. A long upper shadow line appeared on the daily K-line, indicating that there is strong pressure from above. In terms of technical indicators, in the MACD 4-hour cycle, both DIF and DEA are negative and the MACD histogram is green, indicating that there is a short-term correction pressure, and the trading volume has gradually shrunk in recent trading sessions, which may indicate an increase in market wait-and-see sentiment.

From the perspective of the daily MA moving average indicator, the current rise is not a bullish upward trend, but a divergent trend, and the bulls are expected to usher in a peak signal. In addition, the daily KDJ of Bitcoin and Ethereum all turned downward, and the short-term rise was excessive. Bitcoin once rose by nearly 10,000 points in a few trading days. It is not wise to chase more. The weekly line is about to close, and Bitcoin and Ethereum have not broken through the important pressure position of the previous weekly entity K line.

In the early morning, the operation is still mainly to pull up short orders. Bitcoin short orders are entered near 68,300 to 68,600, with a target of 66,500 to 67,000; Ethereum short orders are entered near 2,650 to 2,670, with a target of 2,550 to 2,580. The posting is effective, and the specific guidance is mainly real-time. #美股连涨六周 #BTC #ETH