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#BTC 10.7 Morning Bitcoin Ethereum market analysis and trading suggestions
In the coin circle, technology is just a threshold, while mindset is the moat. Respect market fluctuations and treat stop-loss as instinct. After Bitcoin reached a high of 126200 early in the morning, the bullish momentum halted, and the coin price subsequently fell, stabilizing at a low point of 124500. It is currently operating steadily in the 124800 region. Ethereum is in sync with Bitcoin's trend, soaring to a high of 4734 before retreating to a low of 4671 for consolidation, and is currently stabilizing around 4690. The long position idea we provided in the early morning has also been validated.
The current market presents the characteristics of "short-term pressure, mid-term improvement": in the short term, prices are running below the key area of the upper track, the bullish momentum is temporarily weakening, and a pullback demand is emerging; however, from a mid-term perspective, the upward middle track is forming solid support, the core upward structure is intact, and the MACD indicator shows that DIF and DEA maintain a golden cross with an expanding difference, and the red energy bars are increasing, confirming that the mid-term bullish momentum is not exhausted, and the short-term pullback is only a mid-game adjustment within the trend. Morning operation advice is to stick to a low-long strategy.
In the morning, Bitcoin can be bought at 123800-124200, targeting around 126000.
In the morning, you can go long on Ether at 4650-4670, aiming for around 4750 #BTC再创新高 #十月加密市场预测 #Gate热门新币推荐 .