Evening Thoughts on October 27

The main currency shows no significant rebound during the day; in the 1-hour chart, the Bollinger Bands are widening, with the price hitting the upper MA80 position. A low-level golden cross has formed, making it relatively safe to go long after a sharp drop. Currently, the market shows an upper shadow; the currency price may retrace slightly downwards, with support at MA15, MA30, and the middle band. If the market rebounds a second time, it may break above the MA120 position. In the 4-hour chart, the Bollinger Bands show a trend of ending the downward channel; the lower band is flat, while the upper band and the middle band begin to rise. The retracement support looks at the middle band and the MA7 range, with upper pressure considering the overlapping resistance at MA120, MA30, and the upper band, which aligns with the 1-hour MA120. The MACD shows an increase above the 0-axis, a low-level golden cross forms, indicating a possibility for continued rebound and breakout. It is important to note that the cryptocurrency market carries high uncertainty and risk; the above analysis is for reference only. Caution should be exercised in assessing risks when making trading decisions, and various factors should be considered for judgment.

Main Currency: 66400-66900 Long. Target 67500-68000

Ethereum: 2400-2440 Long. Target 2500-2540

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