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Trader Liang Qiu: Bitcoin/Ethereum High-Position Consolidation on 10.30, How Sustainable is the Bullish Trend?
For Bitcoin/Ethereum, we aimed to short around 73000 and 2670 to 2700 last night. During the early morning market spike and subsequent pullback, Bitcoin dropped to a low of 71900 and Ethereum around 2600. Overall, the space looks decent. Currently, the overall bullish sentiment is quite strong, especially for Bitcoin, which is performing even better. However, during last night's spike, Bitcoin reached a high of around 73760 before starting to pull back. As mentioned last night, when the market approaches the previous high of 73880, do not chase the bullish trend; instead, focus on pulling up short positions and wait for the market to drop before looking for buying opportunities.
After Bitcoin's spike last night, the daily closing showed a bullish candle with an upper shadow around 62700. The body of the candlestick did not stabilize above 73000, facing severe selling pressure near the previous high. From the MA indicators, the 7-day and 10-day moving averages are both trending upwards. However, a rapid short-term rise in the market will be accompanied by a process of pullback and consolidation, so pay attention to the support near the moving averages, referencing 69500 and around 2580. If the support holds during the subsequent pullback, the market will continue to rise along the moving averages.
In terms of operations, continue to enter short positions near 72700 to 73000 for Bitcoin, targeting around 71500; for Ethereum, enter short positions near 2680 to 2700, targeting around 2620. The content of this message is effective, and specific guidance will be provided in real-time. #你问我答 #BTC挑战历史最高价 #美国大选后行情预测
For Bitcoin/Ethereum, we aimed to short around 73000 and 2670 to 2700 last night. During the early morning market spike and subsequent pullback, Bitcoin dropped to a low of 71900 and Ethereum around 2600. Overall, the space looks decent. Currently, the overall bullish sentiment is quite strong, especially for Bitcoin, which is performing even better. However, during last night's spike, Bitcoin reached a high of around 73760 before starting to pull back. As mentioned last night, when the market approaches the previous high of 73880, do not chase the bullish trend; instead, focus on pulling up short positions and wait for the market to drop before looking for buying opportunities.
After Bitcoin's spike last night, the daily closing showed a bullish candle with an upper shadow around 62700. The body of the candlestick did not stabilize above 73000, facing severe selling pressure near the previous high. From the MA indicators, the 7-day and 10-day moving averages are both trending upwards. However, a rapid short-term rise in the market will be accompanied by a process of pullback and consolidation, so pay attention to the support near the moving averages, referencing 69500 and around 2580. If the support holds during the subsequent pullback, the market will continue to rise along the moving averages.
In terms of operations, continue to enter short positions near 72700 to 73000 for Bitcoin, targeting around 71500; for Ethereum, enter short positions near 2680 to 2700, targeting around 2620. The content of this message is effective, and specific guidance will be provided in real-time. #你问我答 #BTC挑战历史最高价 #美国大选后行情预测
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
93,358.04
-0.86%
ETH
3,329.34
-1.89%
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