Trader Gu Jingci: Oct. 30 Bitcoin/Ethereum Trading Strategy and Market Analysis
Bitcoin and Ethereum prices plunged overnight and in the early morning, breaking recent lows of 79,000 and 2,280, respectively, and bottoming out near 76,400 and 2,170. The overall trend is weak. Prices have rebounded somewhat, but the rebound has been limited. Watch for resistance near 79,700 and 2,295 if prices make a second push higher this morning. If resistance holds, prices may continue to rise before pulling back and falling. Several high-volume bearish candles have appeared on the 4-hour chart, confirming the formation of a short-term downtrend and showing that bearish momentum is strong. Short-term downward momentum has eased somewhat, but the market remains weak overall.
Among the technical indicators, both DIF and DEA are below the zero line. Although DIF is above DEA, the MACD histogram has contracted compared with the previous week, indicating that bullish rebound momentum is fading and the bearish trend may continue. The weekly and monthly charts remain bearish. Watch how prices recover over the next two days and pay attention to resistance at the highs.
Trading suggestions: Short Bitcoin around 78,700–79,200, with a target near 77,500; short Ethereum around 2,260–2,280, with a target near 2,210. This analysis and these strategies are for reference only; trade at your own risk. The article may not be published in a timely manner, so refer to real-time conditions! #美国中期选举倒计时，美股博弈窗口已开启？ #Strategy旗下STRC165天来首次升至99.95美元 #Binance to List PREDICT Spot Trading
Bitcoin and Ethereum prices plunged overnight and in the early morning, breaking recent lows of 79,000 and 2,280, respectively, and bottoming out near 76,400 and 2,170. The overall trend is weak. Prices have rebounded somewhat, but the rebound has been limited. Watch for resistance near 79,700 and 2,295 if prices make a second push higher this morning. If resistance holds, prices may continue to rise before pulling back and falling. Several high-volume bearish candles have appeared on the 4-hour chart, confirming the formation of a short-term downtrend and showing that bearish momentum is strong. Short-term downward momentum has eased somewhat, but the market remains weak overall.
Among the technical indicators, both DIF and DEA are below the zero line. Although DIF is above DEA, the MACD histogram has contracted compared with the previous week, indicating that bullish rebound momentum is fading and the bearish trend may continue. The weekly and monthly charts remain bearish. Watch how prices recover over the next two days and pay attention to resistance at the highs.
Trading suggestions: Short Bitcoin around 78,700–79,200, with a target near 77,500; short Ethereum around 2,260–2,280, with a target near 2,210. This analysis and these strategies are for reference only; trade at your own risk. The article may not be published in a timely manner, so refer to real-time conditions! #美国中期选举倒计时，美股博弈窗口已开启？ #Strategy旗下STRC165天来首次升至99.95美元 #Binance to List PREDICT Spot Trading