Trader Gu Jingci: Bitcoin/Ethereum Trading Strategy for October 19th with Market Analysis

Bitcoin/Ethereum actually re-established the short-then-long strategy yesterday, with overall space performing quite well. The market has now risen again; as previously stated, the 4-hour and daily charts have repeatedly tested lower levels before rebounding with long lower shadows, indicating clear support below. Key focus areas are the previous lows at 79,500 and 2,300. Short-term resistance lies between 83,000–84,000 and 2,460–2,480—these levels also represent prior top-to-bottom conversion zones after multiple failed attempts to break higher. On the 4-hour chart, two consecutive volume-increased bullish candles have formed a preliminary V-shaped reversal pattern, suggesting solid buying pressure below. Technically, the DIF line has crossed above the DEA line, MACD histogram turned positive and continues expanding, indicating short-term dominance of buyers. However, both DIF and DEA remain below the zero line, meaning the overall trend is still in a rebound phase within a bearish market. Trading suggestion: Enter short near 82,600–83,000 with target around 81,000; for Ethereum, enter short near 2,430–2,450 with target around 2,360. Analysis and strategies are for reference only—risks are borne by the individual. The article’s review and release lack timeliness; actual trades should follow real-time data!