Blockchain Liangqiu: 10.27 Bitcoin/Ethereum Weekend Narrow Fluctuation Focus on Pressure and Support

Bitcoin/Ethereum have shown little volatility over the last couple of days. Last night, we again positioned for Bitcoin around 66800 and for Ethereum near 2450, during the early morning market fluctuations, Bitcoin reached around 67500 and Ethereum around 2510, overall it’s still possible to capture a decent space. Currently, the market has retreated again, and the daily MA moving averages are starting to press down continuously, with significant pressure above. Moving forward, we need to focus on the moving averages and the important support from the previous downward trend, which is also the significant pressure level now. For Bitcoin, the primary focus is around 68000, which is also where the 7-day and 10-day moving averages overlap and press down. For Ethereum, the key focus is on the pressure around 2540.

In terms of Bitcoin’s K-line pattern, the recent price has fluctuated within the range of 66000 to 68000, showing an overall oscillating trend. In technical indicators, the MACD on the 4-hour cycle shows both DIF and DEA are negative and the MACD histogram is below the zero axis, indicating that bearish strength is dominant, but there are signs of convergence. The short-term continuation of bullish and bearish trends is not strong, but the current market also suggests that a change is imminent, with the key focus on Bitcoin's previous low around 65200.

For evening operations, continue to enter long positions for Bitcoin around 66500 to 66800, targeting around 68000; enter long positions for Ethereum around 2440 to 2460, targeting around 2520. The publication has practical effectiveness, and the market is variable, specific guidance will be in real-time. Please refer to the homepage introduction. #年底牛还熊？ #加密货币市场持续震荡 #比特币挖矿难度创历史新高