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Trader Liangqiu: 11.1 Bitcoin/Ethereum Evening Trading Strategy with Market Analysis
The rapid decline of Bitcoin/Ethereum from last night to this morning shows that Ethereum's trend increasingly resembles that of altcoins, with continuous rises and falls, showing no lower limit. From the Bitcoin trend, the lowest drop reached around 68800, where a rebound has started. The previously mentioned support at 69000 is still valid, and the support has not been broken, indicating that there is still demand for further rebounds. Moreover, this position coincides with the lower band of the four-hour Bollinger Bands, which serves as support. However, this decline has also directly broken the four-hour horizontal consolidation range, with resistance still present in the range of 71500 to 72000.
Both the hourly and four-hour charts have begun to rebound. This evening, the focus remains on rebounds, but the market trend is expected to be relatively slow before the U.S. election, so it is advisable to focus on swing trading, as there is no clear upward trend. Although this drop has been relatively large, the weekly chart has not broken down, and looking ahead, we can rely on the four-hour and bottom structure for bullish sentiment, with support around the range of 69000 to 69500.
For evening trading, enter long positions for Bitcoin around 69500 to 69800, targeting near 71000; for Ethereum, enter long positions around 2480 to 2510, targeting near 2560. The article is effective in real-time, and specific guidance should be based on real-time instructions. #你问我答 #美国大选后行情预测 #市场关注美国非农数据
The rapid decline of Bitcoin/Ethereum from last night to this morning shows that Ethereum's trend increasingly resembles that of altcoins, with continuous rises and falls, showing no lower limit. From the Bitcoin trend, the lowest drop reached around 68800, where a rebound has started. The previously mentioned support at 69000 is still valid, and the support has not been broken, indicating that there is still demand for further rebounds. Moreover, this position coincides with the lower band of the four-hour Bollinger Bands, which serves as support. However, this decline has also directly broken the four-hour horizontal consolidation range, with resistance still present in the range of 71500 to 72000.
Both the hourly and four-hour charts have begun to rebound. This evening, the focus remains on rebounds, but the market trend is expected to be relatively slow before the U.S. election, so it is advisable to focus on swing trading, as there is no clear upward trend. Although this drop has been relatively large, the weekly chart has not broken down, and looking ahead, we can rely on the four-hour and bottom structure for bullish sentiment, with support around the range of 69000 to 69500.
For evening trading, enter long positions for Bitcoin around 69500 to 69800, targeting near 71000; for Ethereum, enter long positions around 2480 to 2510, targeting near 2560. The article is effective in real-time, and specific guidance should be based on real-time instructions. #你问我答 #美国大选后行情预测 #市场关注美国非农数据
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
94,519.68
-1.82%
ETH
3,345.42
-1.31%
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