The 4-hour chart shows that the Bollinger Bands maintain a sideways oscillation pattern. More than 3 consecutive bullish candles have attempted to break upwards, but all have been blocked by the pressure at the upper band, failing to form an effective breakout pattern with a closing price firmly above the upper band. The subsequent market trend needs to focus on "breakthrough of the upper band" as a key signal. If this is broken, the previous market is likely to continue oscillating; therefore, it is not advisable to chase long positions at high levels. It is better to wait for a pullback to test the support at the lower band, and only after confirming the support is effective should one consider entering long positions.
Operating Suggestions
BTC: Short in the range of 115800-116200, target near 113000.
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10.13 Morning Thought Analysis
The 4-hour chart shows that the Bollinger Bands maintain a sideways oscillation pattern. More than 3 consecutive bullish candles have attempted to break upwards, but all have been blocked by the pressure at the upper band, failing to form an effective breakout pattern with a closing price firmly above the upper band. The subsequent market trend needs to focus on "breakthrough of the upper band" as a key signal. If this is broken, the previous market is likely to continue oscillating; therefore, it is not advisable to chase long positions at high levels. It is better to wait for a pullback to test the support at the lower band, and only after confirming the support is effective should one consider entering long positions.
Operating Suggestions
BTC: Short in the range of 115800-116200, target near 113000.
ETH: Short in the 4220-4240 range, target 4100#美联储降息预期升温 #现货ETF获批新进展 #十月加密市场预测