[Qiu Ge Morning Review] October 16
Today’s analysis:
Analysis of Bitcoin: Bitcoin also had a short-term rebound yesterday, but the overall market trend was just a short-term range. The pressure from above was still relatively strong, but the short-term rebound was still within the expected range. As for today's market, the closing price of the daily line in the morning was also a big positive column, and the K-line above was also near the pressure level near MA20. The short-term trend is also in a state of shock, because it is currently gradually breaking through, and the short-term pressure has not increased. There will be a small pullback during the day, but the overall trend can still continue to rebound. The support below is around 26900-26700. The short-term trend will continue to shock, or after a round of pullback and decline, we can continue to see the strength of the rebound. The pressure from above is at 27500-27800. The market trend during the day is still waiting for support to absorb funds and then continue to see a bullish breakthrough! Analysis of Erbing: The market of Erbing is the same. The market closed with a positive column in the morning, but it closed with a small positive column and did not go out of the big positive column. Because of this round of retracement and decline, Ethereum as a whole did not fall much. It was just a shock range as a whole. Ethereum is currently standing on the daily support of MA5. The upper pressure is also gradually standing up, and the current attached chart indicator is also in a low-up state. There is no problem in continuing to be bullish in the short term. The strength of the rise can still be continued during the day. The upper pressure is at 1610-1600. If the upper pressure cannot be broken through, it will continue to oscillate. The intraday support is at 1550-1540. The short-term current oscillation can reach the lower support, and then continue to be bullish, because the current daily market has fallen back to the support below. For the subsequent market trend, you can look at the bullish situation based on the support situation and wait for a breakthrough! Technical operation suggestions: high altitude and low multi
Big Pie Analysis
Upper pressure level: 27500-27800-28100
Support level below: 26900——26600——26300
Two-cake analysis
Upper pressure level: 1575-1590-1605
Support level below: 1550——1530——1520
The above operation suggestions are for reference only and are not used as an investment basis.#BTC #ETH #TRB
