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Xiang Li: BTC/ETH operations and analysis on October 13th morning
Don't envy others' hundredfold; keep your own doubling!
Current market situation: Bitcoin has steadily risen from the morning level of 114703.9 and is currently touching the line of 115912; Ethereum is also performing strongly, having surged from 4122.55 to 4219.43. The two assets are forming a resonant upward pattern, with trading volume significantly increasing and bullish momentum strong, and in the short term, they are expected to further test key resistance areas.
Combining with the current market: The four-hour K-line shows consecutive bullish candles with strong momentum, and the price is approaching the key resistance area at the middle band of the Bollinger Bands. It is currently in a repeated testing phase, and if it can break through the mid-band resistance with volume, it will open up space for further upward movement. The MACD has shown a bottom divergence and formed a golden cross below the zero line, opening upwards, further confirming the bullish trend. In terms of operation, it is recommended to focus mainly on long positions at low levels.
BTC range: 114600-114900 can buy, target focus around 116800.
Two rings surround: 4110-4140 can be increased, target focus around 4300.