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Operational recommendations and trend analysis for Big Flat Cake Ethereum: 10/23

2026-10-23 10:05:43
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BTC and ETH operational suggestions and trend analysis: 10/23 Short-term resistance level at 83,900–84,000; previous attempts failed to break through the stronger resistance zone of 84,500–85,500 effectively. If volume increases and price holds above this level, it may signal continuation of upward movement toward the medium-term key resistance zone of 86,400–88,000, which corresponds to a prior area of concentrated trading volume. Support zones: 80,500–81,000: The nearest current support zone, also serving as a reference point for bulls vs. bears. 79,300–79,800: Secondary support. A break below 80,500 could trigger testing of this zone. 76,500–77,400: Deeper correction target support zone. Bullish scenario: If BTC breaks above 83,900 with increased volume on the 4-hour chart and retests without breaking down, it could open space toward above 86,000. Some traders are watching for long entry opportunities around 81,700–81,000, targeting 83,000–83,500. Analyst Shengge's trading recommendations: Buy BTC near 81,000–81,500, target 82,500–83,000. Buy ETH near 2,370–2,390, target 2,460–2,480.
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