[Analysis of morning trading on 10.24]
1. The ETF matter continues to be delayed. The earliest receipt was in January 2024. BlackRock passed CUSIP, which can be understood as obtaining preparatory work before listing. In addition, BlackRock has begun preparing to inject capital into this fund. The market's interpretation is that we can basically make preparations for approval. As in previous analyses, it is definitely passed, but progress will be made in 2024.
2. (Figure 1) The ideas given yesterday were all about high pressure, and support and pressure can be intervened at small levels. There is no large-level reversal on the daily line, but we still need to rush higher, do it at small levels, and follow the trend. Going against the small approach, I made a trade at 3.09 yesterday and a trade near 3.08 in the evening live broadcast. The live broadcast gave support to 3.03. Combined with the morning DingTalk talk about the support and resistance interchange level of 3.03 and 3.04, the reaction is very strong when it is touched again. The pressure of 3.15 The list of bits is damaged. BLUR's box has reached the upper edge again, pepe is at a high level, the target of MKR1600 has arrived, the 1.4 support WLD broadcast live last night has taken effect, and the upper pressure is 1.8
3. BTC finally broke through the pressure level there for half a year. The spot target has reached around 3.4. It will weaken at any time and slip away at any time. The pressure level of 1.168 above is 3.6. In May, the target we have been waiting for this year is 3.8-3.8. Near 4, the long orders since 2.66 can slip away at any time no matter where they match the spot. The short-term support during the day is 3.18-3.15, and the support below last night's live broadcast is 3.04. For secondary traders, this is what they are afraid of. . There is no order at the bottom, and there is not much short-term gain at the high level. If one line goes up, there will be a wave of iron head shorts.
4. If you can’t get enough of the ETF’s supplementary increase or even short it, think about it yourself. As reminded every day, it was repeated yesterday in the group and on the live broadcast. 1680 is a callback support at 1650. ETF combined with BTC, short-term support 1700 1680, overhead pressure 1800 1840
(I hope I can listen to all the nonsense I’ve been talking about in the past few days. If I listen a little bit, even if I miss it, it’s better than starting to get trapped on the left side in this position)
