Afternoon analysis: Released on October 28 at 13:23

Yesterday, Bitcoin surged all the way to 116350, providing the market with a strong boost. The US-China trade talks are coming to an end, and a new round of interest rate cuts is about to be speculated. Everyone should be cautious of potential wash trading and spikes in the next few days, entering with small positions. Good news turning into bad news as soon as it lands, unless a 50bp cut is implemented; otherwise, it will just be a lot of noise with little impact, and it won't lead to anything significant. Those who followed the host's live stream yesterday must know how to strategize. Here with Rui Ge, you can not only get precise entry points but also learn trading strategies, along with occasional course materials provided as benefits. If you like the host, give a follow and observe! See if it's worth subscribing! Thank you all for your support!

First, we see Bitcoin, the morning daily line closed at 114074. Don't just look at the bearish candle; a pullback is not guaranteed. We need to confirm whether the daily line is nearing its end. Specifically, we should observe whether the subsequent closing line breaks the key position of 112051. The effective resistance point above is still focused on 118018. On the 4-hour level, Bitcoin has not yet fallen through. Below, pay attention to 113250-111092, and above, focus on 115248-117562. Only if it stabilizes above 113000 can it drive a larger scale to continue pushing towards 118000. Today's operation suggests mainly low buying, looking for a rebound in the evening!

Secondly, the daily line of the second futures contract closed at the 4118 level, with the subsequent focus on the 4010 key level below. If it does not break down and stabilizes, the bulls will continue on the daily line. In the next 1-2 days on the four-hour chart, pay close attention to the support level between 4030-3865 below, and the resistance level between 4231-4427 above. The decline during the day has effectively slowed down but has not yet penetrated deeply. It is recommended to take long positions during the day, looking for a rebound in the evening! #ETH链上活动升温 #比特币行情分析 #中美达成经贸共识 $BTC