Analyst Liang Qiu: On October 10, Bitcoin and Ethereum experienced narrow fluctuations. In the evening, attention can continue to be paid to the rise and fall.

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You can follow the public account Analyst Liang Qiu bb, focusing on mainstream coin guidance and layout. Bitcoin and Ethereum have been fluctuating within a range these past few days, and the overall volatility is continuously narrowing, with clear switching between highs and lows. The market we laid out above 4370 in the morning has also seen a trend retracement down to around 4310, but the overall space is not large. After a day of sideways consolidation, the market saw some upward movement with the opening of the US stock market in the evening, but if it continues to face resistance above, it will keep pushing up and then retreat.

From the daily MA indicators, the 7-day, 10-day, and 30-day moving averages are all turning down, and the pressure is continuously moving down. We should keep an eye on the resistance levels of 123000 and 4430 above. On the weekly level, there is a high and then a retreat, closing with a bearish candle. The overall trend remains bearish, and we are currently only in a rebound repair phase after a rapid decline. As long as the repair does not break the high point, the downward trend will not change significantly.

For evening operations, it is recommended to short Bitcoin around 122200 to 122700, with a target near 120000; for Ethereum, short around 4380 to 4400, with a target near 4280.

Currently, the market outlook is relatively good. I recommend trading altcoins like ORDI, LPT, SOL, and UNI in a swing trading manner, with specific operations based on real-time guidance. For more strategies, you can follow the public account: Analyst Liang Qiu bb.

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