10.30 Bitcoin and Ethereum long positions take profit again, evening trend analysis and trading suggestions!
Trading Philosophy: Look for trends in the big cycle, find points in the small cycle;
Technical Analysis: For Bitcoin, the daily level has four consecutive bullish candles, the Bollinger Bands continue to open upwards, the MACD moving average continues to rise, bullish volume continues to increase, and the KDJ line continues to rise. At the 4-hour level, the Bollinger Bands are opening upwards, the price has reached the upper band, the MACD moving average is starting to curve down, bullish volume is continuously decreasing, and the KDJ line is starting to move down;
For Ethereum, the daily level also shows four consecutive bullish K candles, the Bollinger Bands continue to contract upwards, the MACD moving average continues to rise, bullish volume is starting to increase, and the KDJ line is moving upwards. At the 4-hour level, the Bollinger Bands continue to open upwards, the MACD moving average continues to rise, bullish volume is increasing, and the KDJ line is stabilizing;
In summary, the current market trend has shown a bullish trend, but Bitcoin is approaching previous highs. After reaching the peak, a pullback is inevitable. The long positions in the past few days have been quite profitable, and all expected targets have been reached. In the evening, one can wait for the market to pull back before looking for a second peak!
Trading Suggestions: Buy on pullbacks!
For Bitcoin, buy in the 71300-71800 range, target 72500-73500, with a stop-loss at 70800;
For Ethereum, buy in the 2610-2640 range, target 2680-2750, with a stop-loss at 2580;
