10.28 Bitcoin and Ethereum Intraday Market Analysis and Trading Suggestions

CN
26 days ago

Intraday Analysis: From the 1-hour chart, Bitcoin surged yesterday, reaching a high of around 116300. After failing to hold that level, it retraced to the opening price of the morning session, then rebounded near 115800 but could not break through the key resistance at 116000. In the evening, it continued to decline, breaking the support at 114600 and arriving above the critical support level for bullish-bearish conversion at 113500.
The technical indicators show that the Bollinger Bands are continuously expanding, indicating that the short-term volatility is gradually increasing. Meanwhile, the MACD fast line is touching the zero axis without breaking below it, and the green bars are also in a contracting state. The KDJ shows signs of turning upwards, indicating that there may be a short-term rebound, but the strength is not significant due to the pressure above continuously moving downwards.

From the 1-hour chart of Ethereum, the candlestick shows a fluctuating trend, with prices oscillating around 4120. It has tested the upper resistance multiple times but has not been able to break through. On the daily chart, a rebound trend has formed since October 26, but yesterday's closing price was below the previous high of around 4253, indicating a short-term risk of correction. The MACD on the 1-hour level is near the zero axis, diverging downwards, with bearish strength prevailing; the daily MACD is gradually reducing the negative value histogram, showing signs of strengthening.

Trading Suggestions: For Bitcoin, buy around the current price of 114200-113800, with a stop loss at 113200, targeting 115300-115800. If it breaks, look for 116300-116800; if it does not break, consider shorting.

For Ethereum, buy around the current price of 4120-4090, with a stop loss at 4070, targeting 4170-4200. If it breaks, look for 4250-4280; if it does not 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).

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