Blockchain Liangqiu: 10.26 Bitcoin/Ethereum Trading Strategies with Market Analysis

Bitcoin/Ethereum once again showed volatility overnight, with Bitcoin's price fluctuating within a 3000-point range. The resistance at the 68500 level caused a retreat. We entered long positions at lower levels during yesterday's trading hours and took profits near 68500, which can be seen in previous posts. We have emphasized multiple times that 68500 is under pressure. Those who followed the trading ideas should have entered short positions again in the evening; the overall space is still quite large. After a rapid drop in the early morning, the market has stabilized somewhat. Bitcoin dropped to a low of around 65600 but did not break the low of 65200 from the previous two days, suggesting a potential rebound.

Both the hourly and four-hour charts have shown multiple long lower shadows, indicating a serious tug-of-war between bulls and bears. The hourly chart has already started to rebound, and once it stabilizes, the rebound will continue. Moving forward, the primary focus is on whether Bitcoin can establish effective support at the lower points from the last two days, while still monitoring the breakthrough situation at the 68500 level. On the daily chart, the 66000 level for Bitcoin has been a significant resistance zone in the past; it currently provides solid support.

For trading, consider entering long positions for Bitcoin around 66100 to 66500, targeting around 68000; for Ethereum, enter long positions around 2410 to 2430, targeting around 2500. The posts are practical, with specific real-time guidance as the priority. #加密货币市场持续震荡 #BTC #ETH