October 17th Thursday Afternoon Operation Strategy
From the 4-hour candlestick view, BTC initially oscillated at a low level during the day, attempting to rebound but with insufficient strength, subsequently dipping again, currently at 108931, with a daily decline of 1.78%. Overall, it presents a weak oscillation pattern, with weak bullish intent and no effective breakthrough formed by bears near key support levels below. Long Entry Point: Pay attention to the support near 107350 below. If a clear stabilization signal appears at this position, such as a strong bullish candlestick and MACD divergence, a small position can be considered for long entry, targeting the 110000-111000 range.
Short Entry Point: If it rebounds to the 110000-111000 range and faces pressure, with a bearish candlestick pattern such as an engulfing pattern or shooting star, a small position can be considered for short entry, targeting 107350 below. If it breaks below, the next target can be around 105000. From recent trends and the broader environment, it is highly likely that the end of the month will still see a downward oscillation rhythm. On one hand, the short-term rebound momentum is insufficient, with heavy resistance above; on the other hand, market sentiment finds it hard to make significant breakthroughs in the absence of strong positive news. However, there’s no need to be too pessimistic; the support in the 100000-105000 range is still quite strong, and it is highly likely that it will oscillate within this broader range, waiting for new news to stimulate a directional choice.
In summary, for evening operations, pay attention to small positions and quick entries and exits, and be prepared for range oscillations at the end of the month #BTC .
Bitcoin's four-hour chart is currently in a rebound phase after breaking below the 108000 level. The K-line has consistently shown bearish retracements, and the price continues to be constrained by the descending trend line, gradually approaching the lower band of the Bollinger Bands. The key support level of 108000 has been consecutively breached, and bearish momentum has further intensified. If the price cannot quickly recover the 110300 level in the short term, the market may further test the support at 107000 or even lower positions.
From the market performance, the continuous rebound over several days has always been constrained by the key resistance level of 112000. The sustained pressure in the trend directly reflects the current lack of bullish momentum. A clear weak structure has formed in the trend aspect, and at this time, we should follow the principle of 'going with the trend', focusing on shorting at high points as the core operating idea.
Recently, the market has shown typical characteristics of 'weak rebound', and even if there are slight surges, it is difficult to sustain the upward momentum, so there is no need to overly worry about short-term rebounds. Combining volume and pattern analysis, it is predicted that tonight will likely see a directional choice, with a high possibility of a breakdown and decline. In terms of wave targets, BTC looks down to 107600, and ETH looks down to 3760.
BTC: It is recommended to gradually build short positions in the range of 112500-111600, with the first short-term target at 111000 and the second target at 110000. Pay attention to volume changes near resistance levels to avoid chasing positions. ETH: The range of 4216-4100 is a key resistance zone; short positions can be arranged in this area. The short-term target is 4020, and if it breaks down, it can further look down to 3950, with strict stop-loss protection set.
The market always follows the rule of 'trend is king'. In the current weak pattern, do not harbor fantasies of bottom-fishing; patiently wait for short opportunities after rebounds to grasp profits more steadily amidst fluctuations. #ETH
Good morning, brothers! Yesterday's market continued to show weakness, finding support around 11W (the previous rebound starting point), but the rebound momentum is lacking. The daily trading volume has decreased, and the MACD shows an increase in red bars below the waterline; the 4-hour level shows a more significant decrease in volume, with the MACD extremely shrinking, presenting a stalemate of 'weak rebound, weak decline'.
The intraday strategy remains unchanged: first capture the rebound, then layout short positions, with a focus on the testing situation around 11W.
• BTC: Long in the range of 111000-110500, add positions around 110000, targeting 113000, and if the strength exceeds expectations, look up to 115500.
• ETH: Long around 3980, add positions around 3950, targeting first at 4050-4070, and if it breaks strongly, it can extend to 4120-4150.
Key reminder: If the 11W level breaks, or if there is a 'spike K-line' after adding positions around 4000, do not blindly catch the bottom. Currently, we are at the last critical juncture, and both crisis and turning point are brewing simultaneously. #BTC走势分析
10.16 Thursday Morning Market Analysis In the early hours, the cryptocurrency price fell back to the 110200 level, showing a rebound after hitting the bottom. This level has strong support, repeatedly resisting the bearish attacks and preventing further price declines. Currently, the market is steadily rising, and it is recommended to position with low long trades. Bitcoin: Long positions near 110200, target set towards 112000. Ethereum: Long positions near 3940, target set towards 4050.#BTC走势分析
Kongjun's grand feast, Weiwei is shouting Kong all day long, no matter where you enter, it's all about eating meat. Follow Weiwei and you won't get lost, taking you to the cabin and taking you 🛫#BTC
10.15 Evening BTC/ETH Analysis Today maintains a fluctuation range of 111700-113600, with both sides having equal strength, but strong support below will at least give the market some breathing room. Recently, the trend has been poor, making a big drop very difficult. We maintain a low outlook. Bitcoin returns to 111000, around 111600 looking towards 113500, Around 114500, if broken, look towards 116000. Ethereum returns to 4050, around 4100 looking towards 4200, around 4250, if broken, look towards 4400.