On October 20, the rise in BTC and ETH came as expected. How to deal with it next?
The bullish market has already come out, rejecting hindsight. BTC touches the bullish Fibonacci position of 0.618. 29200 is an important position and can be said to be a watershed. However, there is usually a piercing, so if it does not break through 29500 in the future, , the main focus is on shocks and declines. If it breaks through 29,500, it is not too late to chase more, because it is looking at 32,000.
ETH has taken 1600. The big rising flag may be that ETH has to wait for the Cancun upgrade to prepare. Now it has entered a wait-and-see stage. There are still 10 days until the monthly line closes. The probability of the market fluctuating increases. Now focus on Shanzhai, these 10 days are the outbreak period.
October 20, 2023 Hot copycat views
1. The official Web3 Night of Fintech Week will be held in Hong Kong on November 2nd.
Web3 sectors worth paying attention to: ZEC, GLM, RSS3
2. API3 has been trading sideways near 1 for a long time, oscillating within the large wedge structure, waiting for a breakthrough, and entering near 1.
3. PEPE is near the support. Those who have not made a move can make a small move, and some can continue to wait.
4. The size of NTRN has been halved. The goal is to enter the main network in mid-November and is currently in the test network stage.
5. VGX-BitMEX exchange acquisition is expected, and the pullback is suitable for short-term long positions.
6. TOMO is still optimistic about the benefits of rebranding in November.
7. The current price of HOOK is 0.72, a falling wedge breakthrough, a bullish rebound, suitable for ambush.
8. FIL has increased by 6% in five days. Following the market pull, the market has fluctuated, and the short-term support below is around 3.
9. The doge currency is currently in a volatile market, the currency price is stable at the bottom, and a new round of rebound is coming.