Yueying: Bitcoin and Ethereum Market Analysis for October 1st: Will the National Day holiday usher in a unilateral upward trend? Treat with caution.
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Technical Analysis of Big Cake: The above short-term long position strategy for Big Cake is accurate, with potential gains exceeding $3,000. On the daily chart, the previous candlestick formed a lower shadow above the middle band, and the intraday market continued its upward test. The Bollinger Bands are slightly opening, and the short-term moving average is turning upward. The MACD fast and slow lines are crossing upward, and the volume bar has turned red with increased volume. The KDJ indicator is extending upward, and the VR indicator is consolidating around 115. On the 4-hour chart, the market found support around the EMA 200 last night and is currently breaking through the upper band. The Bollinger Bands are opening upward, and the short-term moving average is extending upward. The MACD fast and slow lines are continuing to rise, and the volume bar has increased again. The KDJ indicator is crossing upward, and the VR indicator is consolidating around 260. Overall, the market is currently strong, with some further upward movement to go. Therefore, short positions are awaiting resistance near the upper band on the daily chart, which is around 118,000, also the neckline of the W pattern. Short-term support below is the 7-day moving average on the 4-hour chart, which is around 115,000. Don't blindly chase the rise in the short term. After all, the key resistance area is about to be tested. See the short-term suggestions. Short-term suggestions for Bitcoin: short at 118300, long at 115200 (profit can be determined by yourself after the strategy is activated). The long orders in the above article by my wife are also accurate, and the support levels and views given are correct. The daily line is currently testing the middle track and the 60-day moving average and is blocked. For the time being, you can pay attention to the breakthrough in this area. The 4-hour big sun broke through the EMA200 and the upper track, but it is also not advisable to chase the rise. It is safer to wait for the retracement support to enter the long position. In the short term, pay attention to the support above 4200 and the resistance below 4400. See the short-term suggestions. My wife's short-term suggestions: short at 4378, long at 4230 (click on the image to see the homepage introduction for more currency analysis) - Text/I am Zhou Yueying
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