10.16 BTC/ETH Market Research Report｜Key Levels Set the Direction, Trading Strategy Remains Unchanged

The Bitcoin price of 11.35 and the Ethereum price of 4200 that was mentioned yesterday for the pullback order can now secure some profits 📉 The core structure and trading strategy remain unchanged, just keep an eye on the key levels.

$BTC: 10.95 is a short-term trading strategy watershed.

The daily chart is still in a bearish oscillation pattern, but 10.95 is a clear support turning point, and chasing the short position at the support level is not advisable. The daily chart has formed upper and lower turning points: looking up at 12, a breakthrough is expected to reach new highs; looking down at 10.72, a breach will explore new lows. These two positions are the core focus points for both bulls and bears.

As long as 10.95 is not broken, the trading strategy remains the same:

• 10.95 acts as support, the market is weak, prioritize right-side rebounds (for those who cannot identify, be sure to set stop-loss on left-side operations)

• If it breaks below 10.95 (indicated by the yellow line on the chart), follow the trend and be prepared to find new low points.

$ETH: The resistance at 4200 is not broken, and there is still room for a pullback.

4200 is still a key resistance level, without which there is no expectation of new highs, and it is highly likely to retest 3805. The upper extreme resistance is at 4610, and new highs will not be considered until it breaks through.

Trading reference:

• The pullback order of 4200-4250 yesterday, it is recommended to reduce some positions.

• Pay attention to the resistance at 4225 during the day, and then wait for opportunities in the 4380-4450 range.

• Focus on a rebound near 3805 for short positions; if it breaks down, wait for around 3725, with 3695 set as a stop; if it breaks the stop, it will seek new lows.

⚠️ Risk Warning: The cryptocurrency market is highly volatile, and the price levels are for reference only. Always set stop losses and manage your position size.

#BTC行情 #ETH走势 #Cryptocurrency Analysis