Operation strategy on October 16
Yesterday's wash was exciting enough to deceive most people to get off the bus, and it also washed the contract users on the market. The price that could not resist the wash is still the same price, but the position is gone
BTC's futures positions are rising, and the spot transaction volume is falling. The market is still driven by futures. No one knows when there will be an extreme wash.
From a technical point of view, the four-hour level price is running below the upper track of the Bollinger Bands, the KDJ three-line dead cross is downward, but it has not begun to diverge, the MACD double-line golden cross is upward, and the volume is not expanding. The current volume is shrinking and rising, so be careful of the short-term efforts!
Therefore, the operation is still recommended to focus on high kong, catch the retracement, wait for the rebound, and do not take over at a high position!
Intraday operation suggestions:
BTC: kong near 67500, the target is around 66000, and the break is in the range of 65000-64500. Radical investors can enter at the current price of 57100, with good defense.
ETH: Near 2630, target around 2540. Breaking through to 2500. Radical investors can enter at the current price of 2617. With good defense!
