October 24 Bitcoin Ethereum market analysis and trading strategy

The current market continues to show an upward trend, and after a brief period of consolidation, it is expected to rise again. From a technical perspective, Bitcoin's four-hour candlestick chart continues to gain momentum, testing the resistance above. It started to rise from the middle band of the Bollinger Bands this morning, forming a series of bullish candles, and has broken through the previous high. On an hourly basis, the fifth wave of the Elliott wave has not yet ended, and there is still upward space. Attention should be focused on the 111500 level; once this support is broken, the market rebound will be unstoppable.

Ether shows a stronger performance. From a four-hour perspective, the Bollinger Bands continue to maintain a range structure. Currently, it has successfully broken the middle band support, and the trend is showing a series of consecutive bullish candles. The MACD bulls are gradually stabilizing and showing an increasing volume, while the KDJ has formed a golden cross and is moving upwards, indicating that the bulls are still abundant. The trading strategy should focus primarily on low-long positions!

Bitcoin: Long at 110000-109000, target around 111500
Ethereum: 3960-3900 more, target near 4000
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