10.19 Zhang Lihui: Bitcoin Market Analysis and Trading Suggestions:
Please check the targets set by Lihui yesterday for Ethereum at 2660 and the day before for Bitcoin at 68700, both of which were accurately reached. Although the time taken was a bit long, it ultimately met expectations, and the overall trend was grasped. Clearly, the bullish space is currently better than the bearish side, which is relatively stable, so understanding the importance of going with the trend is crucial! Looking at the current situation, Bitcoin has once again broken through the previous high, reaching the 69000 mark. To be honest, this position is very tempting, and I believe many would like to short here. Although the current news is all positive, Lihui believes that chasing long positions at high levels is not very rational. It is better to patiently wait for the space to complete before considering shorting at high levels or taking short-term longs at support during a pullback.
From the 1-hour perspective, the bottom support is indeed getting higher, with the MA15 and the middle track line both rising. Although the fast and slow lines are converging, a death cross has not formed. It is expected to diverge upwards again. Lihui believes it will push above 69000, but does not rule out the possibility of weekend fluctuations, which is something we are all used to!
If a pullback opportunity arises, then going long at the 4-hour MA15 and middle track support would be appropriate. The lower track is also starting to rise, and the MA60 is approaching the upper and lower track lines near 67000. The MACD below the 0 axis is still weak, and the fast and slow lines have not formed a golden cross after converging, indicating that another expansion is needed. Therefore, if the short-term market pushes higher, Lihui suggests entering short positions.
In summary, Lihui suggests taking light longs in the 67700-67400 range during a pullback; stop loss below 66800, with targets at 68300-68800-69300.
For high shorts, consider lightly shorting above 69100, with a stop loss at 70100; aim for a space of 1500 before considering real-time market changes to reduce positions or open longs at support. Specific entry opportunities should be combined with real-time market changes.
The article review and push have delays, and the market changes rapidly. Specific entry opportunities must be combined with real-time operations, with real-time notifications as the standard. The suggested points in the article are for reference only; do not operate with heavy positions. Please set take profit and stop loss when entering, and take profits when favorable!
I, Lihui, interpret world economic news and analyze global cryptocurrency trends. During my studies in the U.S., I conducted in-depth research on cryptocurrencies such as BTC, ETH, LTC, DOT, EOS, BNB, and SOL. I welcome comments and messages from those who are not familiar with trading!
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This article is exclusively published by (WeChat Official Account: Zhang Lihui) for reference only, and the risk is borne by the reader. May we remain humble and brave in the complex cryptocurrency world, unafraid of challenges and willing to explore. Just as "the road is long and has no ending, yet I will search high and low," I hope we keep pace with the times, absorb wisdom, travel thousands of miles, weather storms, and gain insights into life.
May you, under Lihui's guidance, leverage strengths and avoid weaknesses, create value, and remember the market's baptism, staying true to your original intentions. In the wave of digital currency, may we hold onto our beliefs, forge ahead, and jointly compose a brilliant future, sharing the joy of success. Let us work hand in hand to create brilliance in this investment journey filled with challenges and opportunities!
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