Trader Liang Qiu: 10.31 Bitcoin/Ethereum High Short Take Profit, Continue to Enter Short Positions on Rises
The short position strategy for Bitcoin/Ethereum laid out again yesterday afternoon was to raise to 72700 and the 2680 to 2700 range. After entering the market, the price dropped to around 71450 and 2636 in the early morning. The Bitcoin target was just reached, and Ethereum, due to a previous rise, lacks space. Currently, the market is in a sideways fluctuation, especially for Bitcoin, the overall trend is relatively strong, but during the multiple up and down spikes, the highs are continuously declining. The market is expected to form a top structure without breaking the high of 73800, and it is advised not to chase the highs and instead enter short positions on rises.
On the daily structure, Bitcoin/Ethereum has repeatedly formed long upper shadows, and the four-hour level has started to stagnate at high levels. According to the MA daily moving average indicators, the 7-day and 10-day moving averages have converged and are rising at the 70000 and 2560 levels. The moving averages are diverging, indicating that the market has a process of repair and consolidation, which will be accompanied by a pullback space. Additionally, Ethereum's rebound last night also confirmed the expectation of alternating rises, and once the expectation is fulfilled, it is also likely to form a top structure. In the future, pay attention to Bitcoin's support and resistance at 73000 and 70000, while Ethereum should focus on the 2720 and 2560 levels.
In terms of operation, continue to enter short positions near 72500 to 72800 for Bitcoin, with a target near 71000; for Ethereum, enter short positions near 2670 to 2690, with a target near 2610. The post has practical effectiveness, and specific real-time guidance is the main focus. #你问我答 #美国大选后行情预测 #下一BTC历史新高是多少?