10.29

Good evening, everyone.
Bitcoin is currently trading around 113,194. From the 1-hour Bollinger Bands perspective, it is situated in the lower-middle band area, oscillating near the middle band resistance level. In the short term, there will be small fluctuations up and down, with a game of patience, operating in a slightly weak trend, but the overall main direction remains bullish.

On the hourly KDJ indicator, all three lines are around 50-60, and the J value has not reached the overbought or oversold zones, indicating a sideways consolidation pattern in the short term.

The hourly MACD indicator shows both lines below the zero axis, with the bullish energy histogram gradually increasing, suggesting a slight rebound may occur in the short term.

Based on the above three indicator analyses, from a 1-hour perspective, if the rebound can break through the middle band at 113,290 and establish support, further testing can be attempted towards 113,800 – 114,400 – 115,230. If the middle band cannot be broken, a light downward probe is suggested, targeting 112,600 – 111,990 – 111,268.

Ethereum is currently oscillating around 4,003. Its overall movement pattern is similar to Bitcoin. If the 1-hour timeframe can break through the middle band resistance at 4,020 and establish support, a light upward attempt towards 4,035 – 4,059 – 4,090 can be made. If the middle band support cannot be broken, the sideways trend will continue, with the first stop-loss at 3,988 and the second around 3,930.

These are personal suggestions for reference only. Please follow Hao Yu Shi Pan’s trading decisions for actual operations. #eth