Analyst Gu Jingci: October 10 Bitcoin/Ethereum Evening Trading Strategy and Market Analysis

Bitcoin/Ethereum: Previously, I repeatedly reminded traders to enter short positions, and after the price bottomed around 80500 and 2400, I reminded them to enter long positions, followed by range-bound volatility. Yesterday, I again advised entering short positions around 2520 and 83000 to 83500. After rising sharply, the market fell back to around 82200 and 2470. Overall, the room for the short positions was limited, but there were still gains to be made. Currently, considering the weekend range-bound movement, the continuation of both bullish and bearish momentum is not strong. On the 4-hour chart, after a sharp drop accompanied by increased volume, the market is currently fluctuating at low levels, with bulls and bears locked in a stalemate. The latest candlestick is a small-bodied doji, and the market direction is unclear. The daily chart confirms the recent sharp decline, followed by a slight rebound, but the rebound was weak and failed to effectively recover lost ground.

The monthly chart shows that a large bearish candle is forming this month, engulfing last month's gains, indicating that the long-term trend may be weakening. Among the technical indicators, the DIF and DEA lines of the MACD indicator on the 4-hour chart are both running below the zero axis, showing a bearish trend. The MACD histogram has turned from negative to positive and continues to expand, but DIF has still not crossed above DEA, indicating that short-term downward momentum is weakening and a rebound may be needed. However, the trend has not yet reversed, and the overall trend remains weak, so short positions can continue to be entered at higher levels during rebounds.

Evening trading recommendations: Continue entering short positions on Bitcoin around 83000 to 83500, with a target near 81500; continue entering short positions on Ethereum around 2500 to 2520, with a target near 2450. The analysis and strategies are for reference only; risks are your own responsibility. The article's review and publication are not timely, so actual real-time conditions shall prevail! #Gate亮相TOKEN2049 #Ledger事件损失近9000万 #GateWCTCS9全球交易赛