Today's outlook
$BTC Wait for a pullback to 83,100–83,400 before considering a long; first target: 84,900, second target: 86,600. Alternatively, wait for a 4H close above 86,700 before chasing the breakout. Close the position if a 4H candle closes back below 82,900. No shorts.
$ETH Consider a short if it rebounds to 2,580–2,610; first target: 2,505. If you already hold a BTC long, cut your ETH short position in half or don't open one. Close the position if a 4H candle closes back above 2,640.
$ZEC Consider a short if it rebounds to 1,310–1,330; first target: 1,255. Shorts are crowded, so keep positions small and stops tight. Close the position if a 4H candle closes back above 1,365.
The biggest factors
1. BTC has moved above the EMA20, flipping the weekend's bearish setup to bullish. The hard veto on going long on altcoins has also been lifted.
2. ETFs: BTC saw a net inflow of $21.1 million on 10/9, but the total for the week is still an outflow of about $679 million. ETH has seen outflows for 9 consecutive trading days, totaling about -$542 million this week. Today is Columbus Day in the US, so there is no new ETF data.
3. Exchange balances: BTC on Binance fell 2.5% over 7 days, meaning coins are leaving the exchange—a bullish sign. ETH on OKX rose 8.1% over 7 days, meaning coins are flowing onto the exchange—a bearish sign.
#BTC走势分析
$BTC Wait for a pullback to 83,100–83,400 before considering a long; first target: 84,900, second target: 86,600. Alternatively, wait for a 4H close above 86,700 before chasing the breakout. Close the position if a 4H candle closes back below 82,900. No shorts.
$ETH Consider a short if it rebounds to 2,580–2,610; first target: 2,505. If you already hold a BTC long, cut your ETH short position in half or don't open one. Close the position if a 4H candle closes back above 2,640.
$ZEC Consider a short if it rebounds to 1,310–1,330; first target: 1,255. Shorts are crowded, so keep positions small and stops tight. Close the position if a 4H candle closes back above 1,365.
The biggest factors
1. BTC has moved above the EMA20, flipping the weekend's bearish setup to bullish. The hard veto on going long on altcoins has also been lifted.
2. ETFs: BTC saw a net inflow of $21.1 million on 10/9, but the total for the week is still an outflow of about $679 million. ETH has seen outflows for 9 consecutive trading days, totaling about -$542 million this week. Today is Columbus Day in the US, so there is no new ETF data.
3. Exchange balances: BTC on Binance fell 2.5% over 7 days, meaning coins are leaving the exchange—a bullish sign. ETH on OKX rose 8.1% over 7 days, meaning coins are flowing onto the exchange—a bearish sign.
#BTC走势分析