How to trade today
$BTC : Expect a rebound to 82,700–83,000; consider shorting then. First target: 80,450; second target: 79,700. You can also wait for the 4H close to break below 79,500, then chase the short; target: 77,000. If the 4H close regains 83,500, take profit and close.
$ETH : Expect a rebound to 2,540–2,585; consider shorting then. First target: 2,440. You can also wait for the 4H close to break below 2,340, then chase the short; target: 2,200. Do not chase a short below 2,450. Near the giant-whale liquidation level, it’s prone to quick spikes (wicking) followed by a sharp rebound.
$ZEC : Expect a rebound to 1,270–1,285; consider shorting then. First target: 1,120. Keep the position size smaller. Do not short after a break. During a sell-off, add on; rebounds may be very sharp.
Next few days
Today 16:00 OKX weekly delivery and Deribit expiration at 22:00 Michigan consumer sentiment initial release (including inflation expectations)
10/12 Monday: US bond market closed
10/14 Wednesday: 20:30 US September CPI (BLS confirmed)
10/15 Thursday: 20:30 US September PPI
10/16 Friday: 16:00 delivery and expiration
10/20 ZEC NU7 decision day; 10/27–28 Fed rate decision
#BTC price action analysis
$BTC : Expect a rebound to 82,700–83,000; consider shorting then. First target: 80,450; second target: 79,700. You can also wait for the 4H close to break below 79,500, then chase the short; target: 77,000. If the 4H close regains 83,500, take profit and close.
$ETH : Expect a rebound to 2,540–2,585; consider shorting then. First target: 2,440. You can also wait for the 4H close to break below 2,340, then chase the short; target: 2,200. Do not chase a short below 2,450. Near the giant-whale liquidation level, it’s prone to quick spikes (wicking) followed by a sharp rebound.
$ZEC : Expect a rebound to 1,270–1,285; consider shorting then. First target: 1,120. Keep the position size smaller. Do not short after a break. During a sell-off, add on; rebounds may be very sharp.
Next few days
Today 16:00 OKX weekly delivery and Deribit expiration at 22:00 Michigan consumer sentiment initial release (including inflation expectations)
10/12 Monday: US bond market closed
10/14 Wednesday: 20:30 US September CPI (BLS confirmed)
10/15 Thursday: 20:30 US September PPI
10/16 Friday: 16:00 delivery and expiration
10/20 ZEC NU7 decision day; 10/27–28 Fed rate decision
#BTC price action analysis