Blockchain Liangqiu: On October 27, Bitcoin/Ethereum experienced narrow fluctuations over the weekend, focusing on resistance and support.

CN
6 hours ago

Follow for more updates, 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 and Ethereum have not shown much volatility in the past two days. Last night, we laid out a long position for Bitcoin at 66800 and around 2450 for Ethereum. During the early morning, the market fluctuated and rose, reaching 67500 and around 2510, which still provides a good space for profit. Currently, the market has retreated again, and the daily MA moving averages have started to press down continuously, with clear resistance above. Moving forward, we need to pay close attention to the moving averages and the important support levels from the previous downtrend, which are now significant resistance levels. For Bitcoin, the key level to watch is around 68000, where the 7-day and 10-day moving averages overlap and press down. For Ethereum, focus on the resistance around 2540.

In terms of Bitcoin's candlestick pattern, the recent price has been fluctuating between 66000 and 68000, showing an overall oscillating trend. On the technical indicators, in the 4-hour MACD cycle, both DIF and DEA are negative, and the MACD histogram is below the zero axis, indicating that bearish forces are dominant, but there are signs of convergence. The short-term continuation of bullish and bearish trends is not strong, but the current market also suggests that a change is imminent. The key level to watch below is the previous low at 65200 for Bitcoin.

For evening operations, continue to enter long positions for Bitcoin around 66500 to 66800, targeting near 68000; for Ethereum, enter long positions around 2440 to 2460, targeting near 2520. The content is effective, and the market is variable, so please refer to real-time guidance. You can check the homepage for more information.

The content is effective, and real-time guidance is the main focus. Currently, the market outlook is relatively good. 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, please follow the public account: Trader Liang Qiu.

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