10.19 Bitcoin/Ethereum once again surged, while the weekly level remains in a downtrend.



Bitcoin/Ethereum's overall market trend over the weekend tended to fluctuate, followed by a rise due to the Gaza smoke issue, peaking around 108200 and near 3960, with a relatively large overall increase. From the daily MA indicator perspective, the 7-day and 10-day moving averages are still in the downward turning area, just located at the levels of 3980 and 108500. Especially, before Bitcoin breaks through and holds above 108000 effectively, the market will continue to have repeated ups and downs.

The Bollinger Bands for the three-hour and four-hour charts are starting to gradually tighten and show a downward trend. Currently, the market has also reached the key node in the upper band region. By eight o'clock tomorrow morning, the weekly closing line is still in a bearish state, and the overall downward trend has not significantly changed. On the weekly chart, the market is expected to continue its downward movement towards the 3650 and 103000 levels. In the evening, attention can be paid to the daily MA average line pressure situation to observe the main trend of a pullback after a rise.

Evening operation suggestion: short Bitcoin near 107600 to 108200, target around 105500; short Ethereum near 3920 to 3950, target around 3840, and if it breaks, continue watching for 104000 and the 3760 line.

#加密市场回调
ETH1.33%
BTC0.69%
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