October 20th morning Bitcoin Ethereum market analysis and trading strategy

Ethereum continues to oscillate within the 3900-4020 range. Yesterday's daily line closed with a long lower shadow candlestick, indicating significant buying support at low levels; although it closed with a small bullish line on the 20th, it failed to effectively break through the previous high. In terms of technical indicators, the MACD on the hourly chart formed a death cross and is gradually converging, with the histogram alternating between red and green, indicating a decrease in momentum and a short-term trend leaning towards oscillation. If the price can break through the 4055-4085 resistance area during the day, it is expected to further test the key resistance level near 4160-4200.
Bitcoin rebounded yesterday, with the current hourly level rising from around 106000 to about 109300, successfully breaking through the previous downtrend line. If it can stabilize above 107150 during the day, there is hope for a continued upward breakthrough in the short term. Observing the 4-hour chart, after experiencing three consecutive strong bullish candles, the price has pulled back to the support near the middle track at 107200. For the upward trend to continue during the day, attention must be paid to whether it can break through the resistance in the 109300-109800 area. Strong support is located in the 106000-106500 range below; as long as this support zone is not broken, the overall view remains bullish.
Bitcoin: Long at 108000-106800, target 108900-109300
Ethereum: Buy at 3930-3880, target around 4000-4050
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