Early Thoughts on October 25

Evening thoughts on October 25
The Bitcoin daily chart shows the previous candle closing positively, breaking above the 7-day moving average, and rebounding to around 68800, where it faced resistance and adjusted downwards. The day opened with a pullback to around the 7-day moving average, the Bollinger Bands are opening upwards, and the short-term moving averages are moving upwards while the MACD fast and slow lines are turning downwards, with volume bars continuously decreasing. The VR indicator is consolidating around the value of 100. On the 4-hour chart, the early morning candle closed with an upper shadow, the market retreated to the middle band where it found support and made a slight rebound. The Bollinger Bands are flattening, and the short-term moving averages are forming resistance. The MACD fast and slow lines weakened after breaking the 0 axis, showing signs of turning down, and the volume bars are decreasing. Overall, the rebound strength from last night was beyond expectations; although it broke the 68000 range, the resistance from the previous high is still effective. Therefore, short-term rebounds can be an opportunity to enter short positions, with support referenced around 66500-66000, looking at short-term suggestions. Ethereum had a deviation from Bitcoin last night; Bitcoin’s rebound strength was stronger than Ethereum, so the result is that the short-term suggestion for Bitcoin in yesterday’s article was not ideal, but the long position for Ethereum at 2468 was perfectly activated, and the market started to rebound around 2460, currently moving out more than 80 points of space. Today is Friday, and if we cannot break the 2600-2450 range, then we will continue to maintain this range for oscillation and adjustment over the weekend. Looking at short-term suggestions.

Bitcoin: 68800-69300 short. Target 67700-68200
Ethereum: 2580-2620 short. Target 2480-2520
#BTC回升至6W7 #AI概念币走弱 #MSTR股价强势突破 #特斯拉股价大涨 #美国大选前行情观察 $BTC