Blockchain Liangqiu: Evening Market Analysis for Bitcoin/Ethereum on October 21

CN
9 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!

This is the first release on the public account. You can follow the public account Trader Liang Qiu, focusing on mainstream coin guidance and layout. Bitcoin has seen a significant overall pullback after a high surge in the morning session, briefly hitting a short-term high near 69,500, and then began to retreat. As of now, it has fallen below the 67,000 level. The pullback long position we set for Bitcoin has also exited with a small loss, and the previous stop-loss positions have been noted. Currently, we need to pay attention to whether the four-hour level can break below 66,600 again. If the market falls below 66,600, the trend will weaken, and the subsequent resistance will shift to the 68,000 to 68,500 high points, turning bearish. However, if the 66,600 level is not broken, the market will still have fluctuations, and after a pullback, it will rise again, so timely conversion between long and short trends is necessary.

From the four-hour perspective, Ethereum has just touched the middle band of the Bollinger Bands at around 2,660 to 2,640, which is not only the support of the middle band but also the position of the daily MA7 moving average. We will focus on whether the spike at 2,630 can break, which aligns with Bitcoin's 66,000 to 66,600 position. Before the market breaks this level, we should maintain the range. Once the market breaks, we will follow the trend.

In the evening, we can continue to enter long positions on pullbacks. For Bitcoin, enter long around 66,500 to 66,800, with a target of 68,500; for Ethereum, enter long in batches from 2,630 to 2,660, with a target of 2,730, and set stop-loss at 66,000 and 2,600. The post has practical effectiveness, and specific guidance will be based on real-time updates. The post has practical effectiveness, and specific guidance will be based on real-time updates. Currently, the market outlook is relatively good, and I recommend trading altcoins like ORDI, LPT, SOL, and UNI in a swing trading manner, with specific operations based on real-time guidance. For more strategies, you can follow the public account: Trader Liang Qiu.

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