10.28 Bitcoin and Ethereum Market Trend Analysis and Trading Suggestions!

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5 hours ago

Trading Philosophy: Look for trends in the long term, find entry points in the short term;

Technical Analysis: For Bitcoin, the weekly chart shows a bearish pin bar, the Bollinger Bands are running parallel, the MACD and KDJ lines are moving upwards, and bullish volume is starting to increase. The daily chart has retraced to the middle band of the Bollinger Bands before starting to rebound, with the Bollinger Bands continuing to open upwards. The MACD line is beginning to turn upwards, bearish volume continues to decrease, and the KDJ line is starting to move upwards. On the 4-hour chart, the Bollinger Bands are beginning to open upwards, the price has reached the upper band of the Bollinger Bands, the MACD line is moving upwards, and bullish volume is gradually increasing, while the KDJ line is moving steadily upwards;

For Ethereum, the weekly chart shows a bearish candle, the Bollinger Bands are closing downwards, the MACD is moving steadily, and bearish volume continues to decrease. The KDJ line is moving upwards. The daily chart also shows a rebound with three consecutive small bullish candles, the Bollinger Bands continue to close, the MACD line continues to move downwards, bearish volume is starting to decrease, and the KDJ line is beginning to move upwards. On the 4-hour chart, the Bollinger Bands are starting to open upwards, the MACD line continues to move upwards, bullish volume is increasing, and the KDJ line is moving upwards;

In summary, the market trend is currently testing both upward and downward without breaking through, but the bullish trend is still present. It is recommended to focus on buying on dips!

Trading Advice: Buy low!

Buy Bitcoin in the 68300-68700 range, target 69500-70000, with a stop loss at 67500;

Buy Ethereum in the 2500-2530 range, target 2580-2620, with a stop loss at 2450;

The strategy is time-sensitive, please refer to private real-time guidance for specifics!

Follow the WeChat public account Yunyan!

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