October 29th, Tuesday's Bitcoin and Ethereum Latest Trading Strategy:
From the current market perspective, the bullish momentum on the daily chart remains solid, and a golden cross has successfully formed on the weekly chart, indicating that the holding strategy for the wave should remain unchanged. We firmly maintain a bullish stance.
Currently, the overall market trend is strong. The surge after the US stock market opened has not been accompanied by significant pullbacks, but given the recent increase in volatility from midnight to early morning.
Long-term trends show that upward momentum is still strong. For short-term operations, our strategy is clear: seize the opportunity during pullbacks and act in accordance with the trend.
We expect the market to continue its momentum, testing the key resistance levels of 69500 to 70000. Therefore, we suggest continuing to adopt a pullback strategy for layout.
Bitcoin trading strategy:
67500-68000 range for pullback, target 69500-70000
Ethereum trading strategy:
2470-2500 range for pullback, target 2550-2600
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