During the initial upward rally of Bitcoin/Ethereum, the strategy was to position short, but it immediately dropped just after entering the market, with prices falling to a low of 77,300 and 2,220 respectively. The overall trend remains weak; during the downward movement, attention should focus on support levels below the early morning lows at 76,000 and 2,160. Given the approaching weekend, the market is highly likely to enter a period of consolidation and recovery. However, resistance has reformed at 80,000 and 2,300, marking a new top-to-bottom reversal level—this area also corresponds to where the price previously rebounded twice during the early morning decline.
Evening trading suggestion: Enter long positions in Bitcoin around 77,000–77,300 with a target near 78,600; for Ethereum, enter longs between 2,200–2,220 with a target of 2,270. Stop-losses can be placed at 76,000 and 2,160. Analysis and strategies are for reference only; risks are borne by the individual. The article may not reflect real-time data due to review and publishing delays. Always rely on live market conditions!
Trader Gu Jingci: Bitcoin/Ethereum Evening Trading Strategy and Market Analysis on October 30
2026-10-30 10:28:11
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