👞October 10th Midday Market Insights.👞
$BTC Insights:
The major coin has broken through 116631 with significant volume, closing above this level, indicating to go long on the right side, with a stop loss if it breaks below.
If it breaks down below 116421 with significant volume and fails to recover, go short on the right side, with a stop loss if it recovers. Pay attention to changes in volume and carry a good stop loss.
If there is a false breakdown at 115954 and it recovers, add one more position. Place a stop loss at the low of the false breakdown or below 115176; if it doesn't recover, don't go long.
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The major coin has firmly broken above 116971 at the hourly level, looking upwards towards 117600-118491; it is uncertain whether we will see 118000 again.
When shorting the major coin, be cautious if 118870 shows a 2b false breakout, enter a light short position. If it stabilizes above 119538, set a stop loss.
Conservative players wait for: 114200 to go long, stop loss if it breaks below 113274.
Last night, the major coin spiked upwards, falsely breaking the triangle and closing with a long upper shadow. Fortunately, this spike created a high point; had it not, it would have been dangerous.
The acceleration line indicated by the white arrow has been broken, returning to the range for consolidation. As long as it does not break below the lower boundary of 116027, the short-term bullish outlook remains safe. If the range is broken, the major coin will test the triangle's lower boundary at 113688. A pullback to 113688 is not a big issue, and as long as it does not break the previous low of 111858, there is still hope for the major coin to continue rising. Even if it pulls back to 113688, the lows of this upward movement are still rising; if 111858 is broken, and lower lows occur, this upward trend will be damaged, and caution is required.
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Upper resistance: 116971-117600-118491
Lower support: 116322-115469-114249
At the 4-hour level, if it breaks below 116370, look down towards 115533-114329; if it does not break below 116370, there is no need to worry.
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$ETH Thoughts:
The secondary coin has broken through 4264 with significant volume, go long on the right side with a stop loss if it recovers.
If it breaks below 4247 with significant volume, go short on the right side, with a good stop loss.
If it pulls back to 4190, confirm the support is valid and add one more position; stop loss if it breaks below 4151.
The secondary coin has stabilized above 4292 at the hourly level, looking upwards towards 4321-4385.
Be cautious of entering a short position at 4354; stop loss if it breaks above 4385.
Left-side orders: 4099 long, stop loss if it breaks below 4044.
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Upper resistance: 4292-4321-4385
Lower support: 4220-4152-4105
At the 4-hour level, if it breaks below 4221, look down towards 4156-4073. As long as the secondary coin does not break below this yellow trend line during a pullback, the bullish trend will continue strongly. Meeting adjourned.
