Multiple bullish tests at 69,000, beware of bears! 10.24 Big Pie Auntie's analysis
US stocks opened high and closed slightly higher, compared to the previous day's performance, it still showed a downward trend, while the cryptocurrency price surged again in the early hours, reaching a high of 68,847 before retreating, and Ethereum peaked at around 2,559 before falling, suggesting that the short-selling strategy aligns with the trend!
From a technical perspective, the daily line shows a long upper shadow with a large bullish candle, the Bollinger Bands are trending upwards, the price is operating below the upper band, the KDJ three lines have crossed downwards, and the MACD double lines are basically consolidating at high positions, with trading volume severely reduced. Currently, the daily line indicates a potential top signal, and there is still a risk of retracement!
On the four-hour chart, the price surged at midnight, but the Bollinger Bands did not significantly open up. In the morning, it closed with a hammer-like bearish candle. The KDJ three lines are turning down from a high position, and the MACD double lines are moving upwards, with volume starting to reduce. The short-term outlook on the four-hour chart is also bearish!
Considering the overall market situation along with US stocks, the rise in cryptocurrency prices is only influenced by capital inflow, and the US stock market does not support such a large increase. Therefore, Conan remains primarily bearish, focusing on short selling at high levels during the day! Key resistance levels are 68,300 and 69,000, while support levels are 67,300, 66,000, and 65,000.
10.25 Big Pie trading strategy: Enter short around 68,200 on a rebound, add positions around 68,800, with a stop loss above 69,000, targeting around 67,300-66,500, and if broken, looking at 66,000-65,000.
Long strategy: Attempt to enter long around 66,500, with a stop loss near 65,000, targeting 800-1,200 points, and if broken, hold based on the situation!
10.25 Ethereum trading strategy: Aggressive traders can enter short around 2,550, while conservative traders can enter around 2,580-2,600, with a stop loss above 2,630, targeting 2,500-2,450, and if broken, looking at around 2,400.
Long strategy: Attempt to go long around 2,450, with a stop loss at 2,400, targeting around 2,500-2,530, and if broken, looking at around 2,560.
As the election approaches, market sentiment is high, with continuous capital inflow. Each election typically leads to a liquidation of bullish positions, followed by the onset of a bull market. Operate according to your own position and manage stop losses to mitigate risk! If uncertain or unable to perform well, you can rely on Conan - Trend is King strategy. Let's charge forward and reach shore together! #以太坊Pectra升级如何影响生態？ #ETHBTC汇率新低 #盘整行情分析
