10.22 Bitcoin and Ethereum trend analysis and operational ideas!

CN
7 hours ago

On the daily chart, after Bitcoin's bullish entity broke through the downward trend channel resistance at the 68000 level, it successfully tested the next resistance level at 69500-70000. According to the top-bottom conversion, as long as the support level at 66500-66800 holds, the subsequent market will further test upward; otherwise, a new round of downward trend will begin. Ethereum on the daily chart also successfully hit the resistance level at 2700, and after encountering resistance at the next short-term resistance level of 2760, it fell back, with support at 2650-2680. Ultimately, the market is likely to challenge the 2877 level.

On the 4-hour chart, both Bitcoin and Ethereum have pulled back after reaching highs and are currently retesting support. The overall trend still favors the bulls, and the subsequent operation suggests to directly follow the trend and go long!

Operation idea: Go long in the direction of the trend!

Current price for Bitcoin: Long at 67300-67500, target 68500-69500, stop loss below 66500;

Current price for Ethereum: Long at 2660-2690, target 2760-2870, stop loss below 2630;

The strategy is time-sensitive, and specific guidance will be provided in private real-time!

Professional team gold medal analyst Ruo Yu focuses on contract trading guidance. Follow the WeChat public account "Coin Circle Ruo Yu" to understand real-time market analysis and operation ideas!

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