10.29 Bitcoin and Ethereum long positions exceeded expectations for profit-taking, followed by trend analysis and operational suggestions!

CN
允彦
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23 days ago

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

Technical Analysis: For Bitcoin, the daily chart shows three consecutive bullish candles, the Bollinger Bands continue to open upwards, the MACD moving averages are trending upwards, bullish volume continues to increase, and the KDJ line is also moving upwards. On the 4-hour chart, the Bollinger Bands are opening upwards, the price has broken through the upper band, the MACD moving averages are trending upwards, bullish volume is continuously increasing, and the KDJ line is moving steadily upwards;

For Ethereum, the daily chart also shows a rebound with three consecutive small bullish candles, the Bollinger Bands continue to contract, the MACD moving averages have started to trend upwards, bearish volume has begun 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 MACD moving averages continue to trend upwards, bullish volume is increasing, and the KDJ line is moving upwards;

In summary, the market trend has currently broken out of the consolidation range upwards, and overall bullish volume has not yet been fully released. It is recommended to focus on buying on dips in the future!

Trading Advice: Buy low!

Buy Bitcoin in the 69700-70200 range, target 71000-71500, stop loss at 69200;

Buy Ethereum in the 2570-2600 range, target 2650-2700, stop loss at 2530;

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

Follow the WeChat public account Yunyan!

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