10.1 Morning Jingyi Operation Strategy Analysis
Wishing everyone a happy National Day! Jingyi is always online to accompany you! In the early morning market, after the big coin retraced to a support of 112800, it surged with a single positive candle, reaching a new high of 114800; the altcoin's lowest point in the evening was 4098, and it moved upwards along with the big coin, breaking through 4200 but facing pressure, currently showing a slight overall retracement.
From a technical structure perspective, after a weekly doji star continuation, it has extended to break the high, temporarily stopping at 114800, and the overall bullish trend remains unchanged; the smaller cycle has entered correction, and today's daytime retracement and sideways movement are still seen as a correction, needing to continue with a strong bullish outlook after breaking the high, anticipating that the bulls will break out after the correction accumulates. The altcoin's trend is synchronized.
Operational Suggestions:
BTC Long in the range of 113200-113500, target 114800-116000, if 11500 does not break, consider shorting.
ETH Long around 4100, targets at 4200 and 4300; if 4220 does not break, consider shorting.