BTC and ETH trading strategy and trend analysis: 10/29
From a timeline perspective, Bitcoin has been repeatedly competing within the range of 82,000–85,000 since mid-October. On the 4-hour chart, bulls and bears have been in a tight struggle, with the lower end of the consolidation zone serving as a defensive line—favoring low-long positions, but if broken, attention shifts to the next support level. Subsequently, the price center moved downward, briefly falling to around 80,000 for consolidation. The 4-hour moving averages have turned into resistance, and MACD still shows bearish momentum without clear bullish divergence signals.
Resistance levels: 84,000 is a key area of prior high trading volume and channel resistance, crucial for determining whether the downtrend can reverse. Before that, the 82,000–83,500 range also presents short-term selling pressure.
Analyst Shengge's trading recommendations:
Buy BTC at 80,000–80,500, target 82,000–82,500
Buy ETH at 2,310–2,330, target 2,400–2,420
Operation suggestions and trend analysis for Big Pancake Aunt Ethereum: 10/29
2026-10-29 01:09:37
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