10.16 BTC, ETH evening analysis: The rise in the cycle is coming to an end, and the market will usher in a turning point
Since the reminder of the general direction V reversal bullish last week, the market has been rising all the way, with continuous positives. As long as you follow the trend, you can basically win directly. At present, the rise of Auntie is very large, and the rebound strength is much lower than that of the big cake. Especially those who are in spot and mid-term layout can buy on dips. For the big cake, it was affected by the decline of the US stock market last night and plunged from a high position. Although there is a rebound during the day, the possibility of continuous diving tonight cannot be ruled out.
BTC from the 4-hour chart: MACD classic 4 times top back downward structure, because the top divergence is a strong bearish, and the US stock daily level also diverges, so it is best to short at highs. From the technical indicators, 68000 is a key resistance level. Pay attention to the KDJ crossing and forming a dead cross downward, which is a strong bearish trend. In addition, the daily line is upward, and the 12-hour chart indicator is overbought. With other indicators, they are also turning downward. So the operation is still based on high altitude. Try not to go long. There is not much room. It is meaningless to gamble. As long as the direction is followed, there is money to be made.
BTC evening strategy: 67800-68300 short, target around 65700!
ETH evening strategy: 2615-2630 short, target around 2542!
