Zhu sir's ETH strategy from October 22

First, let’s talk about the technical aspect. From a daily chart perspective, the recent rebound of Bitcoin has been relatively weak, with the highs only reaching the strong resistance area, and it has not been able to break through. After touching the 5-day moving average (MA5), the bullish momentum has significantly weakened, indicating that the pressure brought by the MA5 is substantial.

Looking at the one-hour chart, the price of Bitcoin has recovered upwards, but the running channel has not shown an open state. The bearish volume is arranged but has not shown a strong release. In the short-term rhythm, the fluctuations are repairing and transitioning normally downwards. The moving averages are consistently pointing downwards, but this has not led to a waterfall-like drop in price; instead, there is a tentative rebound. In the morning, there may be a certain second round of probing downwards. In the short term, we do not expect a continuation of the downward trend, and our strategy remains to maintain a long position at low levels.
Around 107500 for Bitcoin, ↑ look at 109000, if it breaks through, continue to ↑ look at around 112000.
ETH around 3820, ↑ look at around 3900, if it breaks through, continue ↑ look at around 4050.