Trader Gu Jingci: Bitcoin/Ethereum Trading Strategy for October 26 with Market Analysis

After the initial drop in Bitcoin/Ethereum, the price has been consolidating at a low level. We repositioned our longs during the pullback last night, and the price surged to around 23,650 and 80,900 early this morning, offering decent room for profit. The market then declined again at the open, reaching a low of 79,350 and 2,295 respectively. Focus now shifts to the recent daily support levels at 79,000 and 2,280; a rapid break below these levels could trigger a rebound. The overall trend remains bearish. After the sharp drop earlier, the rebound strength was weak—once we see whether it quickly reverses after breaking below 79,000 and 2,280, we’ll assess the situation. On the daily chart, the price has reached the lower Bollinger Band, suggesting further bounce or correction after the decline. Watch the upper resistance at 82,000 and 2,400, where key support/resistance levels may reverse. Trading suggestion: Enter long on Bitcoin at 79,000–79,500 with target at 81,000; enter long on Ethereum at 2,280–2,300 with target at 2,360. Analysis and strategies are for reference only—trading carries risk. This article may not reflect real-time data; please rely on live updates.