10.29 Evening Analysis and Operation Suggestions
This morning, the price started to fluctuate after a strong rise to the high level of 70300. At noon, the price once again hit a strong rise and a big positive column. The price reached a high of 71600, and then quickly fell back slightly and began to fluctuate again. At present, the price is running around 71400.
From the technical structure, in the daily level, the running channel remains downward, the price is under pressure and fluctuates downward, the short volume arrangement is released and then the virtual and real conversion is made, the moving average turns downward, the roundabout rise is weak, and the trend continues the short trend. There is no sign of a pullback in the weak repair. In the four-hour level line, the running channel shows a gradual downward state, the price repairs upward but is under pressure on the middle and upper rails to step down, the long and short volume conversion is carried out, but it does not drive the price to recover. Yiming believes that the small cycle weakness is still continuing, and the short-term exploration will have a certain rebound effect, but it is just a repair and arrangement, not a reversal of the rhythm.
Operation suggestions
Short Bitcoin near 71600-71900, watch near 70900--70400
Ether near 2640-2660, near 2600-2580