10.6 BTC/ETH Market Outlook:
Yesterday, Monday, I thought BTC might make a big move, especially since it climbed steadily right from the open and rebounded to around 86,970 in the morning. Who knew it would turn out to be another fakeout? It couldn't stay strong for even a few minutes before weakening and pulling back. It dipped to around 84,900 overnight and is now consolidating around 85,500.
The buy-the-dip strategy remains unchanged. If you're holding a long position near 85,500, keep holding. If you don't have a position, the 85,000–85,500 range is still a good area to open an initial long position today. Add to your position at 83,500. On a rebound, watch 87,000, 88,500, and the 90,000 level. Hold swing longs for 96,000.
If you're holding a long position near 2,680 in ETH, keep holding. If you don't have a position, 2,680–2,700 remains a good area to buy the dip. On a rebound, watch for resistance at 2,750, 2,850, and 3,000. Hold swing longs for 3,300.
BTC's daily candle closed bearish yesterday. The upper Bollinger Band is turning downward, but the middle and lower bands are both opening upward. The lows of the pullbacks across the last eight consecutive candles have been getting higher. Although the KDJ and RSI have turned down again from elevated levels, the price still hasn't fallen. Support has been tested during the pullbacks at 82,500, then 83,500, 84,500, and now 85,000, but none of these levels have broken. So the buy-the-dip strategy remains unchanged. Price is consolidating sideways at higher levels, building momentum for a move! The indicators suggest a pullback may be due, but the price won't fall—isn't this a bear trap, with sideways movement taking the place of a drop? #币安推出BinanceIntelligence $BTC
Yesterday, Monday, I thought BTC might make a big move, especially since it climbed steadily right from the open and rebounded to around 86,970 in the morning. Who knew it would turn out to be another fakeout? It couldn't stay strong for even a few minutes before weakening and pulling back. It dipped to around 84,900 overnight and is now consolidating around 85,500.
The buy-the-dip strategy remains unchanged. If you're holding a long position near 85,500, keep holding. If you don't have a position, the 85,000–85,500 range is still a good area to open an initial long position today. Add to your position at 83,500. On a rebound, watch 87,000, 88,500, and the 90,000 level. Hold swing longs for 96,000.
If you're holding a long position near 2,680 in ETH, keep holding. If you don't have a position, 2,680–2,700 remains a good area to buy the dip. On a rebound, watch for resistance at 2,750, 2,850, and 3,000. Hold swing longs for 3,300.
BTC's daily candle closed bearish yesterday. The upper Bollinger Band is turning downward, but the middle and lower bands are both opening upward. The lows of the pullbacks across the last eight consecutive candles have been getting higher. Although the KDJ and RSI have turned down again from elevated levels, the price still hasn't fallen. Support has been tested during the pullbacks at 82,500, then 83,500, 84,500, and now 85,000, but none of these levels have broken. So the buy-the-dip strategy remains unchanged. Price is consolidating sideways at higher levels, building momentum for a move! The indicators suggest a pullback may be due, but the price won't fall—isn't this a bear trap, with sideways movement taking the place of a drop? #币安推出BinanceIntelligence $BTC