Blockchain Liangqiu: 10.10 Bitcoin/Ethereum Early Morning Operation Strategy with Market Analysis

CN
5 hours ago

Follow for more, earn millions. Hello everyone, I am analyst Liang Qiu. Here I share my views, hoping that every friend who follows can achieve good returns!

First published on Weibo, you can follow Weibo Blockchain Liang Qiu, focusing on mainstream coin guidance and layout. Bitcoin and Ethereum have shown a fluctuating trend in the past two days, with weak continuation in both long and short positions. There have been multiple ups and downs, with Bitcoin continuously testing the lower support, and the lows are consistently being pressed down, while the highs are also gradually moving down. During the evening surge, it did not break the recent high, and after the surge, it again fell back. As of now, Bitcoin is back around 61,700, and Ethereum is around 2,430. Overall, due to the significant drop in Ethereum earlier, the current downside space is limited, and the evening surge has much more room.

From the daily perspective, both Bitcoin and Ethereum are showing small bearish and bullish candlesticks alternating. Our primary focus moving forward is the resistance at the upper Bollinger Band middle track around 63,300 for Bitcoin, and the support reference is between 61,200 and 61,600. From the MA moving average indicators, Bitcoin's 7-day, 10-day, and 30-day moving averages are basically overlapping and starting to turn upwards. If the four-hour chart breaks below 61,600 effectively, the market will further decline; if it does not break, the market will continue to rebound repeatedly. For Ethereum, the 7-day moving average has not been broken, with support around 2,400, and we are watching the pressure around 2,480, which has been tested multiple times in the past two days.

In the early morning operations, enter long positions for Bitcoin around the current price of 61,600, targeting around 62,800, with a stop loss of 600 points; for Ethereum, enter long positions around 2,420, targeting around 2,475, with a stop loss of 2,390. The post is effective, and specific guidance will be based on real-time updates. Currently, the market outlook is relatively good, recommending altcoins like ORDI, LPT, SOL, and UNI for swing trading, with specific operations based on real-time guidance. For more strategies, please follow Weibo, Blockchain Liang Qiu.

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