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Analyst Liang Qiu: 10.23 Bitcoin/Ether early morning trading strategy with market analysis #ETH反弹在即?
Bitcoin/Ethereum has been fluctuating sideways since the sharp drop in the early session. The trading strategy we laid out last night for high-position trading was not very effective, but fortunately, the market has remained in a sideways trend today. This kind of market, as mentioned in previous videos, offers opportunities for both long and short positions; it just depends on the entry point and how much space you can capture. Currently, Bitcoin is either rising, fluctuating sideways, or in the middle, while Ether and altcoins are all declining. This kind of trend has been emphasized multiple times before; it is a cover for Ether and altcoins to offload. The market still has further downside potential. In the early morning, pay attention to the upper resistance at the 109500 to 11000 and the 3900 line, looking for a pullback upon hitting resistance.
The recommendation for operations in the early morning is to short Bitcoin around 108500 to 109000, with a target near 107000; for Ethereum, short around 3840 to 3870, with a target near 3760.
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