Trader Chen Shu: Evening Bitcoin and Ethereum Market Strategy on October 28* No. 2, How to Operate with a Perfect Profit on the 6.78 Long Position during Lunchtime?
On October 28, the strategy gave a long position at 6.78 twice at lunchtime, entering at basically the lowest point. The market price has risen to a high of 6.88, making a profit of 1000 points on the long position. Congratulations to friends who followed the correct market trend prediction. The price is currently continuing to rise. Please see the analysis below for how to operate.
From the daily chart of Bitcoin, today's market retraced after hitting the daily MA5/10 moving averages and then surged to a high of 6.88. Short-term focus on breaking through the 6.88 resistance level, and it is expected that in one or two trading days, the market price will test the 6.95 high again; looking at the 4-hour chart, today's market retraced to the MA60 moving average (6.77) before starting a 1000-point rebound, consistent with the analysis from the past two days. Once the price stabilizes above 6.77 again, it will return to a bullish trend; the resistance level first looks at the breakthrough situation at 6.88 and the previous high at 6.95.
From the daily chart of Ethereum, it is currently three consecutive bullish candles, and today it broke through the daily MA30 moving average (2515). The next key resistance level looks at the daily MA10 moving average (2570). If it first touches above 2580, one could consider taking a short position; the 4-hour chart is currently testing the MA256/120 moving average resistance in the 2520-50 range, focusing on whether it can break and stabilize.
Evening Operations Strategy:
BTC: Light long near 6.85, add to long on a pullback to 6.81, target near 6.95; consider gradually taking light short positions above 6.95.
ETH: Light long at 2520, add to long on a pullback to 2500, target at 2550/2570; light short near 2580, target around 50 points.
Note: The short-term trend is relatively strong and has already tested the high point of 6.85. Once it breaks and stabilizes above 6.85, it will test the previous high of 6.95/70,000 integer level tonight. Another point to note is that after the US stock market opens, it is expected to push up and then wash down, so be cautious about the risks of chasing high and cutting losses in the short term.
Daily analysis strategy has a very high win rate! Analysis is not easy; I hope everyone will give a free follow.
For real-time market strategy communication and consulting on market problems, you can follow my personal account homepage, originally (Coin World) ranked first personal KOL main account, providing free guidance and answering trading questions. Everyone is welcome to communicate and exchange! $BTC