Daily Analysis (10.16)

Summary:

1. Global stock markets have begun to top out, and the possibility of a collapse at the end of the year has increased.

2. The current 1h level has not yet been completed, but there is a high probability that it will be completed at the 68,000 level and fall back to the 64,500 level.

3. In the long run, I am still bullish and hope to break through the large-scale downward trend line. For trend orders, my long positions have not been closed. My position is 59,333, which is almost the lowest point in October, and I am still holding it. But in the short term, you can bet on a short short fall. The two are not contradictory.

4. The position of 68,000 is very flexible. If the 4h level breaks, you can directly reverse. Of course, it is best if the daily line closes above 68,000. If you reverse more, the target can at least see the 71,000 line, and if you are aggressive, you can see 74,000.

5. The high point of this round of bull market should be between 82,000 and 89,000.

6. Regarding trading, some details of order making have been extended, and it is emphasized that you should not carry orders.

Operation:

1. Long-term long positions:

$BTC closed 1/2 at 71000 and moved up to 63000 to break even, and closed at 79000.

$ETH closed 1/3 at 2800 with break even, 1/3 at 3800 and moved up to 2700 to break even, and closed at 4400.

$SOL closed 1/3 at 162 with break even, 1/3 at 188 and moved up to 152 to break even, and closed at 240.

2. Intraday short-term:

1. Refer to the current 4H level rising trend line and weekly level falling trend line of Bitcoin, short at the pressure level and long at the support level. If there is a false break and recovery at the support level, you can increase your position to go long. The same is true for Ethereum SOL. (I can’t post 4 pictures anymore. To put it simply, the short-term support is 65,000 below and the pressure is 68,000 above. You can do short-term swing trading in this range.) However, the long orders of Bitcoin need to be sold around 68,000 until Bitcoin closes above 68,000 at 8 a.m., or the 4H K-line closes above 68,000. Then you can buy more. (Although the process is a little more complicated, the safety is much improved.) 2. If Bitcoin breaks through this downward trend line and closes above 68,000 at 8 a.m., or the 4H K-line closes above 68,000, you can manually sell the short orders and buy more. The target is at least 71,000.