Blockchain Liangqiu: 10.27 Bitcoin/Ethereum Weekend Narrow Fluctuation Focus on Pressure and Support

Bitcoin/Ethereum have shown overall minor fluctuations in the past couple of days. Last night, our strategy for long positions around £66,800 and £2,450 was implemented, and during the early morning's fluctuating rally, it reached approximately £67,500 and £2,510. Overall, there's still decent potential for gains. Currently, the market has once again retreated, and the daily MA moving averages are beginning to press down continuously, with clear resistance above. Moving forward, it’s crucial to focus on the moving averages and the important support levels from the previous downtrend, which are currently significant pressure points. For Bitcoin, the primary focus is around £68,000, a position where the 7-day and 10-day moving averages overlap and press down. For Ethereum, keep an eye on the pressure around £2,540.

In terms of Bitcoin's candlestick pattern, recent prices have fluctuated within the range of £66,000 to £68,000, presenting an overall oscillating trend. Technical indicators show that in the MACD 4-hour period, both DIF and DEA are negative and the MACD histogram is below the zero axis, indicating that bearish forces are dominant, though there are signs of convergence. The short-term continuation of bullish and bearish momentum is not strong, but the current market also suggests a potential shift is imminent, with a key focus on Bitcoin’s previous low around £65,200.

For evening operations, continue to enter long positions for Bitcoin near £66,500 to £68,800, targeting around £68,000; for Ethereum, enter long positions around £2,440 to £2,460, targeting around £2,520. The published content is effective, and the market is variable, so specific guidance should be based on real-time updates. Please refer to the homepage introduction. #年底牛还熊？ #加密货币市场持续震荡 #比特币挖矿难度创历史新高