[Director] Analysis of the market on October 6, keep a low profile and see the dragon in the field. The second rebound of the big cake has ended, and the third 1H decline is running. Let's see how strong the decline is. The aunt is too weak.

导演 · 2023-10-06T02:11:55.000Z

The director’s 1217th original daily market analysis 2023.10.6 1. Market sentiment: 2. Chart structure: Structure of #BTC 1H: The structure of the market trend is the same as my previous expectation. It still has not effectively broken through the price of 2.8W. It is currently on the way to the third 1H decline. Whether this will form a new low is more intriguing. The main reason is that the strength of the second stroke is still good and not too weak. So relatively speaking, if it is transmitted to the third stroke, the downward strength will be smaller. Therefore, the probability of falling below the previous low is smaller.

Director's 1217th original daily market analysis
 2023 .10 .6
1. Market sentiment:
 
2. Chart structure:
​#BTC 
#BTC 1H structure:
​      The structure of Bitcoin’s trend is the same as I expected before. It still has not effectively broken through the price of 28,000 and is currently on the road to its third 1H decline.
​      Whether this stroke will form a new low is quite intriguing. The main reason is that the upward force of the second stroke is still good and not too weak. Therefore, relatively speaking, when it is transmitted to the third stroke, the downward force will be smaller, so the probability of breaking the previous low is smaller.
​       However, this is only the first down payment, so the strength is still relatively strong, and it has reached support in the short term, so we still need to observe more.
#BTC 15F structure:
​       Currently, Bitcoin is in the stage of running the second 15F upward stroke. Judging from the strength of this stroke, it is estimated that the trend will be mainly sideways fluctuations. Here we still need to pay attention to the strength of the third downward stroke.
​       If a divergence is formed and the price does not fall below 27,000, then this high-level decline will end, and there will still be an upward movement at the same level. At that time, it is estimated that the high-level trend will be mainly based on a 1H center.
 
2、#ETH： 
#ETH 1H structure:
​         At present, we can clearly see that it is running in a downward channel and has reached the lower edge of the channel. If there is no strong sustained force, a small rebound will be formed here in the short term.
Of course, if it directly falls below the downward channel, it means that the downward force of Yita is still very strong, just as I expected yesterday. If you short it, Yita may be the first choice.
​         However, the short-term support has been reached so we still need to pay attention to the rebound trend at any time.
 
4. Warm Tips
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