Yueying: 10.31 Bitcoin Ethereum today's market analysis, re-exploring key support, can the large trading range structure change?
I am Zhou Yueying, and let's take a look at today's sharing!
Bitcoin technical analysis ————
On the daily chart of Bitcoin, after the last K line closed with a downward trend and tested the bottom, it rebounded. The opening price during the day is testing upwards on the EMA200. The Bollinger Bands are in a flattened state, and the short-term moving averages are turning downwards. The MACD fast and slow lines have turned downwards and are now flattening, with the volume bars shrinking and KDJ crossing downwards, showing signs of a turn. The VR indicator is consolidating around the value of 60. On the 4-hour chart, after the price broke below the lower band, it rebounded with consecutive upward candlesticks, breaking through the 7-day moving average and testing around the middle band. The Bollinger Bands are running downwards, showing signs of a narrowing. The short-term moving averages are running downwards, and the MACD fast and slow lines are extending downwards with signs of a turn. The volume bars are shrinking, and KDJ is crossing upwards, with the VR indicator consolidating around the value of 70. Overall, the structure remains unchanged; it is still in a large trading range. As mentioned before, it is expected that the market will maintain this structure for some time. For now, continue to treat it as a large range, and find small resistance support to intervene in the short term. The short-term support to focus on is around 107000. If it breaks below this, then the next support to look at is around 106000, extending further down to 104000. The resistance above to pay attention to is around 112000, followed by 114000. This is a suggestion for short-term trading.
Short-term suggestion for Bitcoin: short at 111500 (short at 113300), long at 107800 (long at 104500) (strategy activation has profits to be managed independently)
Mistress Technical Analysis————
The concubine is testing the support around 3700 again for a rebound. In the short term, continue to pay attention to the support in this area. If it breaks, then watch for support above the 3530 level. Resistance is referenced below and above the 4000 level, with specific guidance based on short-term suggestions. Overall, the technical aspects are linked to Bitcoin for reference. There may not be an article update on Saturday, and as long as the strategy does not deviate too far, it can be used. Look at the short-term suggestions.
Auntie's short-term suggestion: Short at 3958 (short at 4020), Long at 3730 (long at 3588) (strategy activation has profit, handle it yourself)
——I am Zhou Yueying, a teacher focused on technical analysis. Friends who have any questions about operations or trends can communicate and learn to operate with me! Let's exchange ideas together and profit together!