10.31 Zhang Lihui: Can the eagerly awaited big pie reach a new high again? Where are the entry opportunities today? Latest Bitcoin (BTC) market analysis reference!

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5 hours ago

10.28 Zhang Lihui: Bitcoin Market Analysis and Trading Suggestions:

Lihui's previous layout for Ethereum long positions in the 2650-2610 range has once again successfully reached above 2710, earning a profit of 60-100 points. Therefore, following the major trend and making pullback longs is a stable strategy! It has been a while since I discussed Bitcoin. Since the last long position below 67600 reached the 70000 mark, I haven't provided external suggestions. Today's market has provided a pullback opportunity, so let's talk about it!

We can see that Bitcoin experienced a significant pullback yesterday while approaching a new high, with a prolonged period of fluctuation during the day. The low point broke upwards from around 71400 to near 72700, forming another pullback, which just touched above the upper Bollinger Band on the hourly chart. Currently, the Bollinger Bands are in an opening formation, with MACD continuing to contract below the 0 axis. The DIF and DEA are once again converging, likely forming a golden cross. We will continue to monitor whether the golden cross can form today; if not, the fast line will still approach the 0 axis. The EMA60 and MA60 are overlapping in support, currently rising towards the lower band. If it coincides with the lower band, it may form strong support, which can be referenced as a point for establishing long positions!

Currently, in the 4-hour chart, the Bollinger Bands are contracting, with the upper band moving downwards. The current candlestick has touched the upper band and is forming another pullback. The lower MA15 and lower band are forming overlapping support. MACD is continuously decreasing in volume above the 0 axis, and the DIF and DEA continue to converge. We will keep an eye on whether a death cross can form; Lihui believes it is likely to rebound, and the fast line should continue to diverge from the slow line.

Because the daily Bollinger Bands are also in an opening formation, MACD continues to expand above the 0 axis, and the golden cross is also continuing to open; the MA80 line has crossed above the MA120 line, forming a complete long position arrangement. Therefore, the strategy of pulling back to long remains unchanged. With the election approaching, Lihui believes it is still possible to continue making light long positions!

Based on the above indicators, Lihui believes that the bullish trend still exists, continuing to focus on light longs at low pullback levels, and considering short positions only after breaking high levels. Specific operations for short positions should be based on real-time strategy notifications!

At 5:40 AM Beijing time on October 31, the suggestion is to make long positions in the 71300-71600 range on pullbacks, with a reserve for adding positions in the 70000-69500 range, and a stop loss of 500 points; the target is set at 72400-72900-73500. If it breaks above the 63500-63800 range, it can be held until around 74500.

Specific entry opportunities for short positions can be determined according to Lihui's real-time strategy as the market changes.

There may be delays in article review and push notifications; the market changes rapidly, and specific entry opportunities must be combined with real-time operations, based on real-time notifications. The suggested points in the article are for reference only; please do not operate with heavy positions. When entering, please set take profit and stop loss, and take profits when favorable!

I, Lihui, interpret world economic news and analyze global cryptocurrency trends. During my studies in the U.S., I conducted in-depth research on BTC, ETH, LTC, DOT, EOS, BNB, SOL, and other cryptocurrencies. I welcome comments and messages from those who are not familiar with trading!

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This article is exclusively published by (WeChat public account: Zhang Lihui) for reference only, and the risk is borne by the reader. May we remain humble and brave in the complex cryptocurrency world, unafraid of challenges and willing to explore. As the saying goes, "The road ahead is long and has no ending; yet high and low I'll search with my will unbending." I hope we keep pace with the times, absorb wisdom, travel thousands of miles, weather storms, and gain insights into life.

May you, under Lihui's guidance, leverage strengths and avoid weaknesses, create value, and remember the market's baptism, staying true to your original intentions. In the wave of digital currency, may we hold onto our beliefs, forge ahead, and together compose a brilliant future, sharing the joy of success. Let us work hand in hand to create brilliance in this investment journey full of challenges and opportunities!

Warm reminder: The above content is solely created by the author on the public account. The advertisements at the end of the article and in the comments section are unrelated to the author. Please discern carefully. Thank you for reading!

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