10.24 Thursday Bitcoin and Ethereum Suggested Operations:
Good morning everyone! Looking at the 4-hour KDJ indicator for Bitcoin, both the K-line and D-line values are in a low range, and the J-line has shown signs of rebound, indicating that the market is currently in an oversold state with a short-term need for a rebound. However, the strength of the J-line's rebound from the oversold area is not sufficient. If the K-line and D-line do not form an effective upward trend, then the price may continue to fluctuate or move downwards.
In the short term, there are signs of a rebound, but the strength will not be too significant; it is more of a high-level consolidation with fluctuations, so we will primarily look for short positions on rebounds.
Bitcoin: Suggested to enter short around 67400-66900
Target: 65900—65200
Ethereum: Suggested to enter short around 2580—2540
Target: 2480—2440 #币安累计交易量突破100万亿美元 #币安上线SCR现货 #BTC☀ #ETH🔥🔥🔥🔥