Trader Chen Shu: 10.26 Afternoon Bitcoin and Ethereum Market Strategy *No. 1, Yesterday's Long Position Successfully Profited, Short-Term Long-Short Divergence Focus on Retracement Strength

On October 25th, I publicly provided two Bitcoin long position strategies at the current price during the afternoon, suggesting to go long at 6.77 and add to the position at 6.73, with an average long position price around 6.75. The long position successfully reached the take-profit target above 6.85, yielding a profit of 1000 points. Congratulations to those who followed the strategy! Currently, the weekend price has surged and then retreated. Please see the following analysis for how to operate.

Regarding Bitcoin, the daily line yesterday closed with a small upper and lower shadow entity bearish candle, completely engulfing the previous day's gains. The 4-hour level has also broken below the dense moving average support zone above. Overall, market sentiment is bearish, and the daily line has currently broken below the MA5/10 moving averages. The next support level is the MA30 moving average (6.47), while short-term support can be observed at 6.66/6.65/6.63. The resistance level is at 6.76, which is the MA256 daily moving average on the 1-hour line. If it breaks below this level, the short-term will enter a consolidation and retracement phase. Until it re-establishes above 6.76, treat it as a retracement.

As for Ethereum, the recent weak retracement has essentially erased all the gains from the previous rise to 2600, returning to a weak retracement trend. The daily line shows that yesterday once again closed with an entity bearish candle and broke below the daily MA60 moving average support. The short-term outlook is clearly bearish, and it is expected to test the 2300 support level again.

Afternoon Operation Ideas:

BTC: Light short near 6.73, add to short on rebound at 6.77, target around 6.55 (treating Saturday's small range of 6.73-6.65 first)

ETH: Light short near 2470, add to short on rebound at 2495, target around 2350

Note: The short-term has returned to a weak market. The daily line currently breaking below the MA5/10 moving averages indicates that the short-term one-sided bullish market has temporarily ended. Additionally, with the key moving average support zones on the 1/4 hour also broken, the market is in a weak retracement. Therefore, before the price can re-establish above these key positions, maintain a short-term short position on rebounds.

The daily analysis strategy has a very high win rate! Analysis is not easy, so I hope everyone can give a free follow, save, like, and comment. Thank you all, and feel free to leave comments below; I will reply to each one!

For real-time market strategy exchanges and inquiries about market issues, you can follow my personal account homepage, the original (Coin World) ranked first personal KOL main influencer, providing free guidance and answering trading questions. Everyone is welcome to communicate and exchange!

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