Trader Chen Shu: 10.28 Evening Bitcoin and Ethereum Market Strategy * No. 2, Noon 6.78 Long Position Perfectly Profits Short-Term Strength How to Operate?
On October 28th at noon, the strategy provided 6.78 current price long position twice, with the entry point basically at the lowest level. The market price rose to a maximum of 6.88, with a profit of 1000 points on the long position. The market trend prediction was correct, congratulations to friends who followed the operation. The current price continues to surge. How to operate, please see the following analysis.
From the daily chart of Bitcoin, today's market retraced after hitting the daily MA5/10 day moving average and then surged to a high point of 6.88. For the short term, we should first pay attention to the breakthrough situation of the 6.88 resistance level. It is expected that in one or two trading days, the market price will test the 6.95 high point again; on the 4-hour chart, today's market retraced after hitting the MA60 day moving average (6.77) and then initiated a 1000-point rebound, consistent with the analysis from the last two days. Once it stabilizes above 6.77 again, it will return to the long market. The resistance level should first focus on the breakthrough situation of 6.88 and the previous high of 6.95.
From the daily chart of Ethereum, it is currently a three consecutive green candles and today broke the daily MA30 day moving average (2515). The next key resistance level is the daily MA10 day moving average (2570). If it first touches above 2580, consider making a short position; on the 4-hour chart, it is currently testing the MA256/120 day moving average resistance in the 2520-50 range, pay attention to whether it can break through and stabilize.
Evening Operation Ideas:
BTC: Light long near 6.85, increase long on a pullback to 6.81, target around 6.95; consider short positions starting above 6.95 gradually with light volume.
ETH: Light long at 2520, increase long on a pullback to 2500, target around 2550/2570; light short near 2580, target around 50 points.
Note: The short-term movement is relatively strong, having tested the high point of 6.85. Once it breaks and stabilizes above 6.85, it will test the previous high of 6.95/70 thousand integer level tonight. Another point to note is after the U.S. stock market opens, it is expected to surge and wash down, pay attention to the risks of chasing highs and killing lows in the short term.
Daily analysis strategy has a very high win rate! Analysis is not easy, hope everyone can click for a free follow.
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