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Trader Liangqiu: 10.31 Bitcoin/Ethereum Short Position Take Profit, Continue to Enter Short Positions on Rallies
The short position strategy for Bitcoin/Ethereum laid out yesterday afternoon at a rally to 72700 and the range of 2680 to 2700, after entering the market, the price briefly dropped to around 71450 and 2636 in the early morning. The target for Bitcoin was just reached, while Ethereum faced insufficient space due to a previous surge. Currently, the market is in a sideways fluctuation, especially with Bitcoin showing a generally strong trend, but the repeated high points during the up and down movements are continually decreasing, indicating a potential formation of a top structure, with no breaking of the high of 73800. Do not chase long positions at high points, and try to enter short positions on rallies.
In terms of daily structure, Bitcoin/Ethereum has repeatedly formed long upper shadows, and the four-hour level has started to stagnate at high levels. According to the MA daily moving average indicators, the 7-day and 10-day moving averages have converged and are rising at around 70000 and 2560, indicating a divergence of moving averages, suggesting a process of correction and consolidation, which will be accompanied by some pullback space. Moreover, Ethereum's rebound last night validated the expectation of alternating price increases. Once the expectation is fulfilled, it is also likely to form a top structure. Moving forward, pay attention to the support and resistance levels of Bitcoin at 73000 and 70000, while for Ethereum, focus on the levels of 2720 and 2560.
In terms of operations, continue to enter short positions around 72500 to 72800 for Bitcoin, with a target near 71000; for Ethereum, enter short positions around 2670 to 2690, with a target near 2610. The publication is effective, with real-time guidance being the primary focus. #你问我答 #美国大选后行情预测 #下一BTC历史新高是多少？
The short position strategy for Bitcoin/Ethereum laid out yesterday afternoon at a rally to 72700 and the range of 2680 to 2700, after entering the market, the price briefly dropped to around 71450 and 2636 in the early morning. The target for Bitcoin was just reached, while Ethereum faced insufficient space due to a previous surge. Currently, the market is in a sideways fluctuation, especially with Bitcoin showing a generally strong trend, but the repeated high points during the up and down movements are continually decreasing, indicating a potential formation of a top structure, with no breaking of the high of 73800. Do not chase long positions at high points, and try to enter short positions on rallies.
In terms of daily structure, Bitcoin/Ethereum has repeatedly formed long upper shadows, and the four-hour level has started to stagnate at high levels. According to the MA daily moving average indicators, the 7-day and 10-day moving averages have converged and are rising at around 70000 and 2560, indicating a divergence of moving averages, suggesting a process of correction and consolidation, which will be accompanied by some pullback space. Moreover, Ethereum's rebound last night validated the expectation of alternating price increases. Once the expectation is fulfilled, it is also likely to form a top structure. Moving forward, pay attention to the support and resistance levels of Bitcoin at 73000 and 70000, while for Ethereum, focus on the levels of 2720 and 2560.
In terms of operations, continue to enter short positions around 72500 to 72800 for Bitcoin, with a target near 71000; for Ethereum, enter short positions around 2670 to 2690, with a target near 2610. The publication is effective, with real-time guidance being the primary focus. #你问我答 #美国大选后行情预测 #下一BTC历史新高是多少？
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BTC
118,405.92
+0.45%
ETH
3,820.85
+2.68%