10.24 Bitcoin and Ethereum Intraday Market Analysis and Trading Suggestions

CN
4 hours ago

Intraday Analysis: From the 4-hour chart, the Bitcoin price is currently at the end of a triangular formation and is choosing a direction. However, from the technical analysis of the market, it can be seen that the Bitcoin price has hovered around the previous bottom multiple times without breaking new lows, forming a bottom support. The subsequent bullish trend is leaning towards the upside. From the 1-hour level, the price has shown a phase of four consecutive bullish candles, and after this rise, there was a brief correction near 110300. The middle band of the Bollinger Bands around 109500 has formed solid support, and the morning candlestick quickly rebounded after a brief test with a morning doji, indicating that the bottom support is very strong.

Ethereum, from the 4-hour chart, shows the price oscillating around 3870. On October 23, a long upper shadow was formed, indicating strong selling pressure above. In the 4-hour cycle, the price has gradually rebounded from the low of around 3800 to about 3875, but overall it is still in a weak rebound phase within a downtrend. The upper pressure is at 3910-3935, and the technical indicator MACD histogram has turned from negative to positive, approaching the zero axis, showing short-term rebound signs but with insufficient momentum.

Trading Suggestions: For Bitcoin, consider buying on a pullback near 110000-109500, with a stop loss at 109000 and a target around 111400-111800. If it breaks, look for targets around 112300-112800; if it doesn't break, consider shorting.

For Ethereum, consider buying on a pullback near 3850-3820, with a stop loss at 3790 and a target around 3910-3935. If it breaks, look for targets around 3990-4025; if it doesn't break, consider shorting.

This strategy is for reference only; please invest cautiously and secure profits. (For real-time updates, follow the public account: Ethereum Kai)

免责声明:本文章仅代表作者个人观点,不代表本平台的立场和观点。本文章仅供信息分享,不构成对任何人的任何投资建议。用户与作者之间的任何争议,与本平台无关。如网页中刊载的文章或图片涉及侵权,请提供相关的权利证明和身份证明发送邮件到support@aicoin.com,本平台相关工作人员将会进行核查。

Share To
APP

X

Telegram

Facebook

Reddit

CopyLink