Zhou Yanling: 10.18 Bitcoin 68500 Gains and Losses Key, Be Cautious of Black Friday in Ethereum's Range Fluctuation
Now the market has reached a point that tests your patience. Don't say you can't hold on; if there are still surviving shorts by now, without financial strength, they can't withstand it. Those who are forced to lock in without bullets are essentially disarmed. A moment's thought could lead to severe consequences. Clearly, the focus everyone needs to consider is still the gains and losses around 68500. This position has been in a narrow range for 3 days, and as of now, Bitcoin is still hovering around 68000.
From a price perspective, this upward rhythm basically sees 68500 as no problem, as this is the key decision point for the bulls. Moreover, many people don't understand why the price of this coin keeps rising; indicators are useless, and technical patterns have all broken down. There is no visible top above, and the speed of the market's rise isn't particularly violent, but its sustainability is strong. Therefore, you have to go with the trend; buying on dips is the best operational choice. It makes no sense to forcefully short. However, as the week comes to an end, caution is needed because the market won't just keep rising without falling; that would definitely not be a good thing and goes against objective laws. The yin and yang of the market dictate that the K-line must pull back. At this time, patience and calmness are required. Yanling expects a pullback today; if it doesn't pull back, there will be no further high-position buying. It's that simple, and today, with Black Friday, it wouldn't be surprising if something unexpected happens in the market.
10.18 Bitcoin Trading Strategy:
Buy at 67200-67600, stop loss below 66700, target 68000-68500, continue to break upwards to look at around 69400.
Sell at 68500-68200, stop loss above 68900, target 67600-67100-66600.
10.18 Ethereum Trading Strategy:
Buy at 2600-2630, stop loss below 2570, target 2680-2720, continue to break upwards to look at around 2790.
Sell at 2710-2680, stop loss above 2740, target around 2610, continue to look down at around 2560.
【The above analysis and strategies are for reference only. Please bear the risks yourself. The article review and publication may have delays, and the strategies may not be timely. Specific operations should follow Yanling's real-time strategies.】
This article is exclusively shared by senior analyst Zhou Yanling (WeChat public account: Zhou Yanling). The author has been engaged in financial market investment research for over ten years, currently mainly analyzing and guiding BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV, and other cryptocurrency contracts/spot operations. For more real-time community guidance, consultation on unblocking positions, and learning market observation skills, you can follow the teacher's public account: Zhou Yanling to find the teacher.
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