Market Analysis on October 26th, 2021

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BTC now form a new cabinet in the interval, but the trend has been destroyed, so for the first time arrived at the trend line pressure near a possible failure to breakthroughs precipitously, positions the heavier cases need to be considered control positions, reach the average support can consider to continue to low suction, pressure support 62700, 66800

ETH trend is relatively regular, once back down near the MA60 average will start to rebound. Rebound to a certain height will continue to fall, so we try to BTC drop in ETH led to the situation of low purchase is the best choice, the time window is approaching, in addition to long-term investors, light position intervention is good.

After the early surge, it has been adjusted for 4 weeks in a row and reached the weekly support level. It is expected to rebound more than 30%, so it needs patience to hold. The support level is 1.31, and the target is more than 30%. Can wait for the day line level of intervention in batches

Risk Warning

The above analysis is for reference only. Please be cautious when invest as there are risks in the currency market.

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