The China-US consultation talks help the coin price make a strong push, bullish aligns with expectations, cautious sell with bearish market! 10.26 BTC ETH evening thoughts.

In the China-U.S. economic and trade consultations held in Kuala Lumpur, Malaysia, Chinese Premier He and U.S. representatives Bensent and Greer discussed important economic and trade issues of mutual concern, guided by the important consensus reached in the recent phone conversations between the two heads of state. The discussions centered around the U.S. 301 measures on maritime logistics and shipbuilding for China, extending the suspension period of reciprocal tariffs and law enforcement cooperation, agricultural trade, export controls, and other significant economic and trade topics. The parties engaged in candid, in-depth, and constructive exchanges and reached a basic consensus on arrangements to address each other's concerns. Both sides agreed to further determine specific details and fulfill their respective domestic approval processes. After the talks, the previously quiet coin price saw long positions make a strong push over the weekend. The bullish sentiment expected since Monday has materialized, with BTC having risen over 5,000 points and ETH nearly 300 points, marking another significant gain!

The four-hour coin price has seen three consecutive rises, and the indicators have also turned bullish. The coin price has strongly broken through the upper Bollinger Bands on both the four-hour and hourly charts, indicating an overall bullish trend. Additionally, following the CPI announcement on Friday, whales have continued to accumulate, so the evening trading strategy should focus on going long during any pullbacks. Key resistance levels to watch above are 114000, 115800, 117200, 119400, and 122500, while support levels below are 111000, 109600, 109200, 108200, 107500, and 106600.

10.26 evening long positions operation strategy:

BTC retracement 111000-111500 to enter long positions, for conservative investors enter at 110000-110500, defend around 1092000, target 113000-113500-114000, if broken look at 114500-115000-115800, continue to move stop loss as necessary!

Enter long positions on ETH at a pullback of 3970-4000, for more conservative traders at 3880-3920, with a stop loss near 3830. The target is around 4050-4090, and if it breaks, look for levels around 4108-4130-4150-4200. Continue to adjust the stop loss as the situation develops!

Short position strategy:

Short one hand on BTC rebound at 114500-115000, defend around 115800, target around 113500-113000, if it breaks look at around 112500-112000, continue to adjust stop loss based on the situation!

Short one position on ETH rebound at 4130-4150, defend near 4180, target around 4090-4050, if broken look at around 4030-4000, continue to move stop loss in case of breakouts!

Negotiations in China are expected to continuously bring favorable news, so short positions should be equipped with stop-loss to control risks! #中美经贸会谈