10.10 Bitcoin and Ethereum Morning Market Analysis and Trading Suggestions

CN
财亿过人的富婆
17 hours ago

Morning Analysis: From the 1-hour chart, Bitcoin is in a weak rebound phase. Although the bears hold a temporary control advantage, there are signs of diminishing momentum. If it cannot break through the key resistance level of 123300 above the short-term downward channel today, the price is likely to return to the key support level of 120000.

From the 1-hour chart, Ethereum has recently shown a fluctuating downward trend, but overall it is still in the recovery phase after a significant previous rise. The current price of Ethereum is just above the 50.0 level at 4288 and below the 61.8 level at 4400. If it can break and stabilize above the 61.8 level at 4400, specifically between 4420-4440, the short-term bearish situation may reverse.

Trading Suggestions: For Bitcoin, consider shorting around 123100, with a stop loss at 124000 and a target of 121400-121000. If it breaks down, look for 120500-120000; if it doesn't break, consider going long.

For Ethereum, consider shorting around 4440, with a stop loss at 4505 and a target of 4330-4300. If it breaks down, look for 4250-4230; if it doesn't break, consider going long.

This strategy is for reference only; please invest cautiously and secure profits. (Follow the public account: Ethereum Kai)

Disclaimer: This article represents only the personal views of the author and does not represent the position and views of this platform. This article is for information sharing only and does not constitute any investment advice to anyone. Any disputes between users and authors are unrelated to this platform. If the articles or images on the webpage involve infringement, please provide relevant proof of rights and identity documents and send an email to support@aicoin.com. The relevant staff of this platform will conduct an investigation.