October 18 Market Analysis + encryption Information Spread

Reject hindsight ❌ Anticipate in advance ✅

1⃣ #BTC rebounded from a low point yesterday, still not suitable for opening long positions.

There has been repeated demand for several days here, focusing downwards on the position of 102000. If the bears are strong, this level will need to be broken through. The standard for turning bullish is to break through the downward trend lines in the 1-hour, 4-hour, 12-hour, and daily charts, which serve as resistance levels before opening long positions.

Short positions can be held continuously without a complete reversal.

2⃣ #ETH bears strongly want to break below the 3636 position.

Switching to a bullish position and waiting for the resonance point after BTC breaks through can be a good entry point for resonance. It is also safer and more reasonable to wait for BTC's breakthrough before entering, as the probability of an increase is relatively high. For short positions, hold on as long as it does not exceed the trend line.

3⃣ Market #BTC current key support level:

--BTC：
Long position: Wait for a breakout, then provide supplementary entry points.
Short position: Use the breakout at the resistance level as the stop-loss point.

--ETH:
Long position: Wait for a breakout, then provide additional entry points. Last night, I speculated on a long position, set a stop-loss to exit, and will wait for a higher degree of certainty before entering again.
Short position: Set the stop-loss point at the breakout of the resistance level.

If it helps you, please give Qiang a thumbs up 👍 and follow.

All views represent personal opinions only.
Not to be considered as any investment advice.