Yueying: Bitcoin and Ethereum Market Analysis for October 23-24 - The $80,000 Support Level is Under Threat - Could a Sharp Drop Break Through Overnight? Short-Term Insights Attached

The space for the bullish strategy on Bitcoin has not expanded much. On the daily chart, the previous K-line closed with a large bearish body, retesting the low point again. The market opened slightly upward in the short term, with Bollinger Bands showing a slight opening after being flat, short-term moving averages flattening around the middle band, MACD fast and slow lines moving downward with increasing volume bars, KDJ turning down and crossing downward, and VR indicator consolidating near 70. On the 4-hour chart, the price probed the horizontal support level, rebounded slightly, and climbed above the 7-day moving average, with Bollinger Bands showing signs of contraction, short-term moving averages turning up, MACD fast and slow lines crossing downward below the zero line with decreasing volume, KDJ turning up and crossing upward, and VR indicator consolidating near 70. Overall, the market retested the key support level without breaking through, followed by a minor rebound, indicating that liquidity protection remains below. Short-term, we can continue to refer to this level; however, if the support breaks, a rapid move is likely, so once support fails, do not rely on it anymore—be cautious of false signals such as the '80,000 bottom' trap created by major players. Short-term recommendation: Bitcoin short-term recommendation: Buy at 81,200 (adjust profit-taking based on strategy activation) The short-term strategy for Ethereum (Ether) at 2,375 did not generate significant movement either. Technical indicators align closely with Bitcoin’s pattern. The support level around 2,350 should still be referenced. A breakout above 2,450 would indicate continuation. Monitor the strength of the rebound short-term. Short-term recommendation: Ethereum short-term recommendation: Buy at 2,375 (adjust profit-taking based on strategy activation) — I'm Zhou Yueying, a technical analysis specialist. If you have any questions about trading or trends, feel free to discuss and learn together! Let's grow and profit together!