October 11th Sunday Bitcoin Latest Trading Strategy:
From the weekly chart analysis, the current trend line structure is positively upward, and it is at a critical turning point between the third wave upward and the fourth wave downward. The significant length of the third wave indicates that if 77180 becomes a turning point, the market may experience a sharp decline to 71990. After that, the market may continue to decline or welcome a rebound to initiate the fifth wave to new highs.
The MACD and OBV indicators show that we are currently in the third upward phase, with bullish bars climbing, indicating a clear overall upward trend. After clarifying the major direction, the 4-hour chart shows that the support level below is 75750.
As long as this level holds, the market will continue to move along the trajectory of the third wave. Overall, the market trend is clear; as long as you keep pace and adopt a pullback strategy, you can arrange your positions accordingly.
Bitcoin Trading Strategy:
Near 75500-75000, buy, targeting 77000-77500
Ethereum Trading Strategy:
Near 3000-2970, buy, targeting 3070-3120
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