MARKET UPDATE — 27/10
BTC DETERMINED TO HOLD THE 80K ZONE
BTC:
+ Daily chart: Yesterday, 26/10, after BTC fell to a low of 79.321k, buying demand came in to support the price, helping BTC rebound to 80.819k. BTC closed the day at 80.116k, forming an indecision Doji candle at this price level and holding steady overall for the day, with positive green trading volume above the average of the previous 20 sessions.
- RSI: Currently moving below the signal line and at 42.7.
- MACD: Still moving below the zero line, and the histogram does not yet show a return of upward momentum.
BTC TRADING SCENARIOS FOR 27/10
- Scenario 1: Consider LONG in the 79.700k–79.800k zone; target 81.000k–81.200k
- Scenario 2: Consider SHORT in the 81.100k–81.300k zone; target 80k–80.300k * Gold (XAU): Gold continued to weaken toward 3978, where buying demand came in to support prices. It closed the day around 4017, up 0.54% overall.
* Oil: Yesterday, oil made a slight correction to 99.650U before recovering, closing at 100.615U, down 1.93%. Oil may retreat to the 97–98U zone.
GOLD TRADING SCENARIOS FOR 27/10
• Consider going LONG on gold toward 4040–4050; alternatively, consider going SHORT in the 4055–4060 zone, with a target of 4020–4000 >> BTC scenarios: SL 500–700 points from entry (depending on position and leverage)
"The most suitable price information at the present time"
BTC DETERMINED TO HOLD THE 80K ZONE
BTC:
+ Daily chart: Yesterday, 26/10, after BTC fell to a low of 79.321k, buying demand came in to support the price, helping BTC rebound to 80.819k. BTC closed the day at 80.116k, forming an indecision Doji candle at this price level and holding steady overall for the day, with positive green trading volume above the average of the previous 20 sessions.
- RSI: Currently moving below the signal line and at 42.7.
- MACD: Still moving below the zero line, and the histogram does not yet show a return of upward momentum.
BTC TRADING SCENARIOS FOR 27/10
- Scenario 1: Consider LONG in the 79.700k–79.800k zone; target 81.000k–81.200k
- Scenario 2: Consider SHORT in the 81.100k–81.300k zone; target 80k–80.300k * Gold (XAU): Gold continued to weaken toward 3978, where buying demand came in to support prices. It closed the day around 4017, up 0.54% overall.
* Oil: Yesterday, oil made a slight correction to 99.650U before recovering, closing at 100.615U, down 1.93%. Oil may retreat to the 97–98U zone.
GOLD TRADING SCENARIOS FOR 27/10
• Consider going LONG on gold toward 4040–4050; alternatively, consider going SHORT in the 4055–4060 zone, with a target of 4020–4000 >> BTC scenarios: SL 500–700 points from entry (depending on position and leverage)
"The most suitable price information at the present time"
