On October 28, Bitcoin and Ethereum achieved a continuous layout with 9 consecutive victories. Subsequent trend analysis and operational ideas!

CN
12 hours ago

On the daily chart, Bitcoin has started to close with a bearish candle, just reaching the upper boundary of the range structure at around 116,000. The market encountered resistance and has pulled back, with the current resistance level at 115,000 and support at 113,000-113,500. Ethereum on the daily chart is similar, also starting to close with a bearish candle, having broken upward to around 4,250 but faced resistance and pulled back, with resistance at 4,180-4,200 and support at 4,050-4,000.

Looking at the 4-hour chart, Bitcoin has risen to the previous rebound high near 116,000, testing resistance and pulling back, failing to form an effective breakout. Support is still seen at 113,500-114,000, which is currently being tested effectively. Ethereum on the 4-hour chart has also risen to the previous rebound high near 4,270, but has not managed to break upward, with support still at 4,080-4,100, which is also currently being tested effectively.

The short position strategy for Bitcoin and Ethereum laid out yesterday has once again achieved the expected precise take profit! The current market has begun to gradually move downward, and it is recommended to continue shorting in subsequent operations!

Aggressive short-term trading ideas:

Short Bitcoin at the current price of 114,400-114,900, with a target of 113,000-112,000, and a stop loss above 116,000;

Short Ethereum at the current price of 4,130-4,160, with a target of 4,050-4,000, and a stop loss above 4,220;

The strategy is time-sensitive, please refer to the main page for details, and prioritize private real-time guidance!

Professional team gold medal analyst Ruo Yu focuses on contract trading guidance. Follow the WeChat public account "Coin Circle Ruo Yu" to understand real-time market analysis and trading ideas!

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