Analyst Liang Qiu: 10.27 Bitcoin/Ether trading strategy with market analysis

The trading strategy for Bitcoin/Ethereum laid out last night has again led to a withdrawal of the nephew. The price movement has shown a fluctuating upward trend starting from last night until today. So far, Bitcoin has reached a high of around 115800, while Ether has touched a high of around 4250, and there has been a slight pullback. Moving forward, keep an eye on whether the upper levels of 117000 and 4300 can break through and stabilize again.

Combining the four-hour and daily charts, the short-term trend shows that Bitcoin faces resistance around the 117,000 level, which is also the position where it has oscillated multiple times in the past. The same applies to Ethereum, with a focus on the area near 4,300. If the resistance above is not broken, subsequent movements may still see a pullback and consolidation, which is necessary for the market structure to repair after each surge. It is not advisable to chase long positions; it is better to aim for short positions at higher levels.

Trading strategy suggests to short Bitcoin around 115800 to 116300, with a target near 114000; short Ethereum around 4250 to 4280, with a target near 4160.

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