10.30 Bitcoin and Ethereum Outlook

Bitcoin experienced a significant rise yesterday, achieving four consecutive daily gains and closing with a strong bullish candle in the morning. Currently, the price is approaching new highs. From a short-term perspective on the 1-hour chart, after two minor spikes, the K-line bottom has begun to flatten, showing signs of stabilization and another upward attempt. For intraday trading, the focus remains on long positions; Bitcoin can be considered for long trades around the support zone of 72200-72000. As for Ethereum, although the recent increase has been relatively small, the overall trend is quite stable, with a solid support structure below and significant potential for upward movement. The 4-hour chart clearly indicates a need for catch-up.

Strategy:

BTC: Bitcoin current price around 72200-72000 can be bought long, targeting around 73500, with a breakout target of 74200.

ETH: 2620-2600 can be bought long; this was the point given yesterday. The market has risen, but it did not reach the target and has pulled back. This position can still be considered for long trades. The target remains unchanged at around 2700, with a breakout target of 2740. #BinanceBlockchainWeek #你问我答 #比特币布林带收窄至低水平 $BTC $ETH $BNB