Trader Gu Jingci: Bitcoin/Ethereum Trading Strategy for October 27 with Market Analysis

Bitcoin/Ethereum have been consolidating at a low level for the past two days, showing clear signs of an upcoming breakout. The overall trend remains bearish; since the peak, rebounds have been weak, indicating a typical continuation pattern in a downtrend. The levels of 82,000 and 2,400 have now become key resistance zones after transforming from support. However, given the upcoming Federal Reserve interest rate decision at 2 a.m. and Wach's speech at 2:30 a.m. tomorrow night, market activity is expected to remain calm before then. Traders can consider high-sell low-buy strategies, but should avoid such tactics afterward. Additionally, during multiple downward tests, the daily chart support levels at 79,000 and 2,280 have consistently held. These levels remain critical to monitor for potential support. Trading suggestion: Enter long positions for Bitcoin around 79,200–79,600 with a target near 80,800; enter long positions for Ethereum around 2,290–2,310 with a target near 2,360. Stop-loss levels set at 78,500 for Bitcoin and 2,260 for Ethereum. Analysis and strategy are for reference only; risks are borne by the individual. The article may not be timely due to review and publishing delays—actual trades should follow real-time data!