10.19 Bitcoin Ethereum Market Analysis Operation Suggestions

We have said before that 66500 is a very critical support level for Bitcoin. Above it, Bitcoin's bullish power is strong. Sure enough, after BTC broke through this support level, it once rushed to 69000 in the early morning of this morning. This is consistent with the short-term bullish target we mentioned earlier. This rise shows that the bullish power is still strong.

Today's price fluctuated around 68000. The overall trend is still upward. Market sentiment remains optimistic, but there may be a technical correction in the short term.

Operational suggestions:

Resistance level: 69000 - Yesterday's resistance is still there. If it breaks through, 70000 can be seen.

Support level: 66500 - If it pulls back here, we need to pay close attention to whether this support level can be maintained.

If the price breaks through 69000 again, you can continue to be bullish, with a target of 70000.

If the price falls to around 66500, you can consider buying on dips, but it depends on whether the price can stabilize.

Ethereum

We mentioned before that 2650 is a strong resistance level for Ethereum. ETH has tried to break through it many times but failed, indicating that the market forces have not yet gathered enough energy to break through this key point.

ETH reached a high of 2628 yesterday, but still failed to break through 2650 effectively. Today's price hovered around 2641, and the bulls and bears continued to play at this resistance level.

Currently, ETH is fluctuating between 2600 and 2650, and the overall performance is slightly weak. KDJ still indicates that the market is in an overbought state, indicating that there is a pullback pressure in the short term.

Operation suggestions:

Resistance level: 2650 - It continues to be a strong resistance level. Whether it can break through is very critical. After breaking through, it will look to 2700.

Support level: 2600 - If it pulls back to this position, we need to pay attention to whether there is a chance of rebound.

If ETH can successfully stand at 2650, you can consider short-term long positions with a target of 2700.

If it pulls back to 2600 or lower, you can wait patiently for the market to stabilize before making a decision.