Saturday, October 26: Morning Insights

Currently, the price of Bitcoin is hovering between the upper and lower bands of the four-hour Bollinger Bands. Each time it rebounds to the upper band, it faces resistance and pulls back. When it dips down to the lower band, it finds support and rebounds, showing a clear box structure, with the market oscillating and weak continuation.

There is currently no obvious one-sided trend in the market. Looking forward to the weekend's market, historical data shows that a recovery often follows a bottoming out. In the short term, attention should be paid to the performance near the resistance level around 68,500, while closely monitoring the support line at 66,000.

In weekend operations, it is not advisable to be overly persistent; flexibility should be maintained. If the market is favorable, take action promptly. In the current oscillating box structure, seizing short-term opportunities for stable gains is the best strategy.

For Bitcoin, target around 67,500-68,000 and aim for 66,000-65,000 nearby!

For Ethereum, target around 2,480-2,510 and aim for 2,400-2,350 nearby!