10.22 Wednesday morning BTC/ETH market depth analysis: The strong bullish pattern remains unchanged, and the core strategy is still to long positions during the fluctuations.

Yesterday, the cryptocurrency market experienced a strong one-sided trend, with BTC long positions firing on all cylinders. In the evening, after a surge that touched the key resistance level of 114000, short-term profit-taking triggered a pullback, and the price has now dropped to around the 108000 level for consolidation. From a daily chart perspective, the price has consistently remained above the middle band, and under the broad oscillation pattern, the structural support of the bullish trend has not been broken. Before effectively breaking below the middle band support, the low long strategy can be firmly held.

The four-hour cycle shows a clear signal of consolidation: the Bollinger Bands have retreated after being pressured at the upper band, with strong support forming around the middle band at 107500, successfully intercepting downward momentum; currently, the Bollinger Bands are contracting horizontally and tilting upwards overall, with the MACD indicator slowly releasing bullish momentum, indicating that a short-term breakout from the range is challenging, and it is highly probable that it will maintain repeated oscillations within the range.

Precise layout of operational strategy:

• BTC: Gradually build long positions based on the range of 107500-108000, with upward targets focusing on the resistance zone of 111500-112000. If broken, it can be followed up to near the previous high.

• ETH: The range of 3800-3840 is a good entry area for long positions, aiming for a gradual take profit in the range of 4020-4100, capturing the band gains within the range. #ETH反弹在即？