Crypto Circle Liying: The end of the monthly southbound trend on October 28, the initial signs of a false price increase conspiracy! Latest analysis and operational suggestions for Bitcoin and Ethereum
Current price of Bitcoin is 115300, Liying believes that the big coin still maintains an upward trend, but the trading volume is extremely low, forming a divergence between volume and price, weakening momentum and requiring caution against the risk of a false price increase. The price is close to the strong resistance level of 116000; if there is no volume confirmation for a breakout in the short term, this resistance level may become a trigger point for a price pullback. After a significant increase recently, the daily line is currently in a high-level oscillation stage with weakened bullish strength. In the 2-hour K-line trend, there is obvious selling pressure near the wave high of 115607, with short-term support around 114500; the MACD daily line momentum is weakening, and the 2-hour bullish and bearish divergence is intensifying. The EMA daily line shows a bullish arrangement trend upwards, with the 2-hour support at 113503 below. Therefore, Liying believes that in the short term, the price may oscillate between key support and resistance levels.
Short-term strategy reference:
Long entry at 114000, stop loss at 113500, stop loss at 500 points, target at 115500
Short entry at 116000, stop loss at 116500, stop loss at 500 points, target at 114500
Latest Ethereum market analysis
Before this article was published, the current price of Ethereum is 4190. Liying observes that currently Ethereum is running near a strong resistance level, and neither technical indicators nor external environments provide clear trend-driving signals. The price is above both short-term and long-term moving averages, with moving average slopes upward, enhancing momentum and resonating with the bullish engulfing pattern, increasing the possibility of a short-term rebound. However, trading volume is extremely shrinking, and the volume-price relationship is unhealthy, indicating that the increase lacks effective support, and the pullback risk cannot be ignored. The 2-hour price is in an upward trend, with high points continuously rising and low points also gradually increasing. The MACD 2-hour momentum is strengthening. The EMA shows a typical bullish arrangement, supporting the price to continue strengthening. Liying suggests a primary focus on going long with a secondary focus on shorting.
Short-term reference points:
Short entry at 4250, stop loss at 4300, stop loss at 50 points, target at 4150
Long entry at 4120, stop loss at 4070, stop loss at 50 points, target at 4230
The content of this article is time-sensitive and for reference only, with risks borne by the reader.
