Analysis of Ethereum Market on the Evening of October 28
分析师梁丘
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Blockchain Liangqiu: 10.28 Bitcoin/Ethereum Long Position Perfectly Verified How to Operate in the Evening
Bitcoin/Ethereum has had multiple layout strategies for long positions recently, especially for Bitcoin, which started entering the market in batches at 66,000. The market has been experiencing fluctuations and upward trends. Although Ethereum is relatively weak, it still has decent overall space. Congratulations to friends who have followed the strategy multiple times; in fact, the current market needs to be controlled by trends. In the evening, Bitcoin rose to around 69,300, strengthening the trend and directly breaking through the important resistance level of 68,000, which is the key support-resistance conversion position. After that, pay attention to the gains and losses around 68,000. Once stabilized, the market will further rise.
On the daily chart, Bitcoin has strongly broken through the 7-day and 10-day moving averages around 67,500 to 68,000. In the evening live stream, it was mentioned that the market will have a process of rising and retracing, but the overall trend is still upward. Although Ethereum is generally weak, as long as the daily trend channel does not break 2,460, the bulls will advance further. Currently, the market has also reached the important resistance levels of the 7-day and 30-day moving averages, so we will see if it can surge alongside Bitcoin. A rapid rise in the market will naturally have a process of retracement and consolidation; the overall trend remains upward, and as long as the important support below is not broken, the bulls can advance further.
In the evening operation, enter long positions for Bitcoin around 68,000 to 68,400, targeting near 70,000; for Ethereum, enter long positions around 2,480 to 2,510, targeting near 2,560. The publication is effective, and specific guidance should be based on real-time instructions. #BTC突破6W9 #年底牛还熊? #加密货币市场持续震荡
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