BTC and ETH latest market trend analysis: As of 10/23, the current market presents a tentative sideways pattern, with technical signals and external conditions failing to provide clear trend guidance. The technical analysis shows that prices have closed higher for three consecutive days and are above both the short-term and long-term moving averages, with the short-term moving average slope upward, forming initial bullish momentum. However, the long-term moving average remains flat, and market sentiment and volatility indicators ( such as BOLL and RSI ) have not provided further directional support. Additionally, the absence of trading volume data exacerbates the uncertainty in technical analysis. The current market is in a sideways pattern with an unclear trend, with prices approaching the resistance zone of 112000-114800, and while short-term momentum has increased, it has not formed a clear trend. Considering the neutral market sentiment and mixed news, a high sell strategy near the resistance level aligns with the characteristics of the current volatile market. Operation suggestions:


BTC can be shorted around 110500-111000, with the target looking towards 108500-108000.
ETH can be shorted around 3890-3930, targeting the area of 3800-3750 #ETH反弹在即? #巨鲸加仓2.5亿美元BTC #美联储将召开支付创新大会 #广场创作者认证申请上线
BTC-0,78%
ETH0,08%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)