10.22 Bitcoin and Ethereum trend analysis and operational ideas!

CN
5 hours ago

On the daily chart, Bitcoin is facing resistance around the 69,000 level and has pulled back. It is currently testing the support level between 66,500 and 67,000. This bullish pullback has already seen a decline of 3,000 points. It is expected that after testing the support, it will gather strength to move upward again. In the short term, the resistance is seen around 68,000. As for Ethereum, as mentioned earlier, it has pulled back after reaching around 2,760, also testing the lower support level between 2,600 and 2,630. The short-term resistance above is expected to be around 2,680 to 2,700. Following the bullish trend of Bitcoin, after testing the support, Ethereum can continue to look upward towards 2,760 to 2,870.

On the 4-hour chart, both Bitcoin and Ethereum have pulled back to support after reaching highs. The overall trend is still bullish, and the subsequent operation suggests going long directly!

Trading strategy: Go long at the current price!

Go long on Bitcoin at 66,800-67,300, with a target of 68,300-69,000, and a stop loss below 66,500;

Go long on Ethereum at 2,620-2,640, with a target of 2,680-2,750, and a stop loss below 2,600;

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

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 trading strategies!

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