10.20 BTC, ETH Weekend Market Summary: Major Resistance Breaks, Major Trend Look Up

This week, the market witnessed a sharp increase due to Trump's advantage in the expanded election and the situation on the peninsula. However, Bitcoin (BTC) price fluctuated more significantly than altcoins and Ethereum (ETH), the trend chart also showed an upward trend. Both sides have a plan, on the 12th, the major direction was to look up, following the major direction will not be wrong. The market fluctuated at a high level at the weekend, the correction force was quite small, those who are looking for the top need to wait patiently for opportunities.

In terms of the major direction on the weekly chart of BTC: forming an upward wedge trend, the upper resistance area is in the range of 69500-70500. The weekend market also did not fluctuate much, mainly after the strong increase on the 14th, starting in a stable upward trend. So, there may not be much additional upside tonight. From a technical perspective, this month is still looking up, then pay attention to the low closing level of October. If there is a breakthrough in the resistance area, then before the rate cut in November there will be a strong correction, at which time it is possible to plan for medium and long-term positions, especially commodities, which will be a direct profit market.

In terms of ETH from the daily chart: the space above is quite large, pay attention to the 2770 level, this is the lifeline of the daily chart. #Btc #ETH $BTC $ETH