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October 30th Hangqing Analysis
In the early morning, with the release of news, the price started a continuous decline. Bitcoin also began to move downward, reaching a low of around 109,000 before rebounding. Currently, it is trading around 110,500. From a technical analysis perspective, on the 4-hour chart, Bitcoin has moved from below the Bollinger Bands lower band to touching the lower band. The KDJ indicator's three lines are turning upward, and the MACD histogram's momentum is gradually decreasing. Early in the morning, short-term trading is advisable.
Trading Suggestions
Bitcoin around 110,100 - 109,900, with a short position, aiming for a rise toward around 112,200.
ETH around 3,900 - 3,880, with a short position, aiming for a rise toward around 4,070. #币圈 #加密货币