Market Analysis and Trend Assessment on October 27: #数字货币市场回升

Bitcoin and Ethereum are currently showing a clear bullish dominance in the market. On the hourly time frame, the moving average system of these two major cryptocurrencies has formed a perfect bullish arrangement. The short-term moving averages of 5 days, 10 days, and 20 days are exhibiting an upward divergence, creating a layered support zone. The price is running steadily, consistently staying above the key moving averages, and during pullbacks, it has not effectively broken below the important moving average support, fully demonstrating a solid foundation for the short-term upward trend. Meanwhile, the MACD technical indicator maintains a good operational state above the zero line, with the fast and slow lines continuously separating upwards, and the red energy bars are constantly expanding with higher peaks, directly validating the continuous strengthening of the bullish momentum in these two leading cryptocurrencies, while the market's bullish atmosphere is steadily accumulating.

Looking at the 4-hour chart analysis, both Bitcoin and Ethereum are showing a continuous bullish rebound, with prices strongly running close to the upper Bollinger Band. The upward opening of the Bollinger Band continues to expand, with the upper band constantly rising, creating greater upward space for prices and releasing sustained momentum after a breakout. Although there have been brief pullback adjustments during this period, they were quickly met with active buying, which did not disrupt the overall upward rhythm. This horizontal consolidation during the cycle is actually a healthy technical adjustment in the upward process, representing a normal manifestation of bulls gathering strength and digesting profit-taking, rather than a signal of a trend reversal. In the face of such short-term pullbacks, it is not advisable to hastily position short orders; instead, they should be viewed as a necessary energy accumulation process before the bulls exert force again.

Short-term trading reference:

Bitcoin bullish entry range: 114000-114500
Target range: 116200-116700

Ethereum bullish entry range: 4070-4110
Target range: 4180-4220

$BTC $ETH