10.25 BTC, ETH Evening Analysis: Wide Fluctuation Range, Both Long and Short Have Opportunities
From the trend given on Tuesday, the overall direction still leans towards shorting. Although there hasn't been a significant pullback as expected, as long as we follow the trend to short, there is still room to profit. Going forward, the fluctuation space of BTC may become increasingly larger, leading to a significant breakout in the major direction. As the month comes to an end, pay attention to the up and down spikes; for those who enjoy short-term trading, remember to maintain good risk management.
Looking at BTC from the 4-hour chart: Up and down spikes indicate a wide fluctuation, with the range between 68800-65200, where both long and short positions can be established. Currently, the daily trend line for BTC is downward, as it just touched the highest point of the daily trend chart before pulling back down. Therefore, it is highly likely that there will be a corrective rally before another drop this weekend. Tonight, focus on the trend line high point of 69200; as long as this level does not hold above, it is still advisable to short. In conjunction with technical indicators, although the 4-hour MACD and OBV are both indicating upward momentum, the daily trend line's highest point has not been broken upward to form a new trend, making shorting near the upper trend line more appropriate. If going long, ETH has the most significant drop potential and the largest space.
BTC Evening Strategy: Short at 68800-69200, targeting around 67300!
ETH Evening Strategy: Long at 2505-2520, targeting around 2645!
