Crypto Circle Academician: On October 29, is Bitcoin's previous high of 116,380 a dawn or dusk? Ethereum's U-shaped transition and spout shape form a strong alliance! Will 4070 push north to challenge 4250?

CN
19 hours ago

The essence of trading is survival, and only then comes profit. Therefore, before each operation, think carefully about whether your actions are reasonable and whether your capital is safe. You need to develop a trading mindset that belongs to you, continuously optimizing and improving it. Although the suggestions from the crypto circle academicians may not make you rich overnight, they can help you stay in the game. Only those who survive in the crypto space for the long term and persist until the end can achieve the results they desire. I hope you understand this.

Don't forget, the darkest moments are often just before dawn. On the road to pursuing dreams, you are never alone; you still have me.

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Crypto Circle Academician: 2025.10.29 Bitcoin (BTC) Latest Market Analysis

The current price of Bitcoin is 115,300. It is now 1:30 AM Beijing time. The market is consolidating at a high level, and only ultra-short trades can be made. Whether moving south above 115,500 or north below 113,500, there is good space to capture. I choose to mainly go long in line with the trend and have not opted to go south. The bullish trend has not ended yet; patience is needed to wait for opportunities to move south.

Before publishing, the daily K-line had a high of 116,075 and a low of 113,422. After the daily line retraced to the EMA60 trend support at 113,435, it broke the 786 Fibonacci resistance line, continuing the bullish trend. The MACD has been continuously expanding, with the DIF and DEA forming a golden cross upwards. After the Bollinger Bands contracted, the upper band has moved down to 118,750, and the middle band has also moved down to 111,500. Overall, the trend shows that the bulls still have space to move up.

The four-hour K-line has four consecutive bullish candles, starting to challenge the previous high of 116,380. Whether it can form a double top bearish trend still needs a signal to decide. At least for now, it remains a bullish trend. The MACD shows a top divergence, indicating that there is still momentum to challenge the previous high. If the DIF and DEA break the previous high while contracting at a high level, it will form a strong bullish trend. The Bollinger Bands are stretching upwards, with the upper band at 116,560 and the middle band support at 113,700. The strategy is to go north after a retracement, and wait to decide on going south after the stretch ends.

Short-term strategy reference: The market is never 100% certain, so always set stop losses. Safety first; small losses and big gains are the goal, especially when breaking key resistance and support levels. Stop losses should still be executed without holding onto losing positions.

Northward trial entry point: 114,000 to 113,500, with a stop loss at 113,000, risking 500 points. The target is 114,500 to 115,000, and if broken, look for 115,500 to 116,000.

Southward trial entry point: 120,000 to 120,500, with a stop loss at 121,000, risking 500 points. The first target for the medium-term layout is 114,000 to 110,000, and the second target is 106,500 to 102,000. Short-term decisions are up to you.

Crypto Circle Academician: 2025.10.28 Ethereum (ETH) Latest Market Analysis Reference

The current price of Ethereum is 4,143. It is now 1:30 AM Beijing time. The market has hit the northward entry point of 4,070. I suggest setting a defense around 4,020. If it falls below 4,000, the northward move fails, and you should exit. Conversely, continue to hold. Those who have not entered can wait for a pullback support before finding a position for a short-term northward move. The current market is only suitable for short-term trades; for long-term, wait for a stretch before finding a position to go south.

Before publishing, the daily K-line had a high of 4,175 and a low of 4,064. The daily line is consolidating at the 0.236 Fibonacci level around 4,115. Short-term support is at the EMA30 level of 4,090, and medium-term support is at 3,885. The MACD has been continuously expanding upwards, with the DIF and DEA still below the zero line. The Bollinger Bands have contracted, with the upper band pressed down to 4,315, and the middle band has also moved down to 3,990. After the next wave of highs, the market is likely to enter an extreme overbought phase, so be cautious of pullback risks.

The four-hour K-line has formed a U-shaped transition into a beak shape. The pullback at the 0.5 Fibonacci level is a support level to watch at 4,075. The MACD shows a top divergence with reduced volume, indicating that there is still a wave of upward movement in the short term, challenging the previous high of 4,250. Therefore, friends holding positions near 4,070 can continue to hold. The short-term Bollinger Bands upper band is at 4,265, which can serve as a take-profit target for the northward move. As for going south, wait for the bullish momentum to end before deciding.

Short-term reference:

Northward trial entry point: 4,120 to 4,070, with a stop loss at 4,020, risking 30 points. The target is 4,180 to 4,230, and if broken, look for 4,280 to 4,330.

Southward trial entry point: 4,280 to 4,330, with a stop loss at 4,380, risking 30 points. The target is 4,220 to 4,170, and if broken, look for 4,120 to 4,070.

Specific operations should be based on real-time market data. For more information, you can consult the author. There may be delays in article publication; the suggestions are for reference only, and risks are borne by the reader.

This article is exclusively contributed by the Crypto Circle Academician and represents the unique views of the Academician. In-depth research has been conducted on BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the timing of the article's release, the above views and suggestions may not be real-time and are for reference only. Risks are borne by the reader. Please indicate the source when reprinting. Manage your positions reasonably and avoid heavy or full positions. The Academician also hopes that all investors understand that the market is always right. If you are wrong, you should reflect on where the problem lies. Do not let the profits that should be yours slip away. There is no need to be smarter than the market. When a trend comes, respond and follow it; when there is no trend, observe and remain calm. It is not too late to act once the trend becomes clear. Tomorrow's success stems from today's choices. Heaven rewards diligence, the earth rewards kindness, humanity rewards sincerity, business rewards trust, industry rewards excellence, and art rewards passion. Gains and losses often occur unexpectedly. Develop the habit of strictly setting stop losses and take profits for each trade. The Crypto Circle Academician wishes you happy investing!

Warm reminder: The above content is solely created by the author of the public account. The advertisements at the end of the article and in the comments section are unrelated to the author. Please discern carefully. Thank you for reading.

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