10.12 Bitcoin and Ethereum market trend review and analysis and operation suggestions!
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Trading philosophy: Focus on trends in the long term and identify price swings in the short term. Technical Analysis: For Bitcoin, the daily chart shows a negative candlestick pattern near 110,500. The Bollinger Bands continue to slowly open downward, the MACD moving average continues to move downward, short-selling volume continues to increase, and the KDJ line continues to move downward. At the 4-hour chart level, the Bollinger Bands continue to slowly open downward, the MACD moving average continues to move downward, short-selling volume begins to shrink, and the KDJ line begins to move upward. For Ethereum, the daily chart shows a negative candlestick pattern near 3,745. The Bollinger Bands continue to slowly open downward, the MACD moving average continues to move downward, short-selling volume continues to increase, the KDJ line continues to move downward, and the 4-hour chart level shows the Bollinger Bands continue to slowly open downward, the MACD moving average begins to move parallel, short-selling volume continues to increase, and the KDJ line begins to move upward. The previous day's black swan plunge was a washout, and the current market rebound is weak. Shorting near the upper resistance level is recommended. Trading suggestion: Shorting near the resistance level is recommended. Short Bitcoin at 112,500-113,000, target 111,500-110,000, defense 114,000; Short Ethereum at 3,830-3,860, target 3,750-3,650, defense 3,910. This strategy is time-sensitive, so please refer to private real-time guidance for details! See the homepage for details!
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