Bitget withdrawals in four batches open——today only BTC was opened; ETH tomorrow, USDT on Wednesday; the remaining batch on Oct. 2, with funds that have been locked for a week, is queuing to withdraw. On Wednesday PCE and Friday nonfarm payrolls, the Fed is still in its rate-hike cycle—there’s a more than 60% chance of another hike in October. The Strait of Hormuz also hasn’t been settled, with oil prices above 93. Low-volume grinding down + the eve of major events = the market is waiting for the shoe to drop, so it basically doesn’t choose a direction. This week’s real dividing line is Wednesday evening’s PCE: if it comes in above expectations → it confirms a rate hike in October and the market continues to fall; if it’s below expectations → the whole market can breathe for a moment. Before that, chasing rallies or selling can easily get hit from both sides. My choice: stay on the sidelines and wait for Wednesday.
——Chop/sideways 44%, up 41%, down 15%; basically, it’s “back and forth, slightly upward-biased.” • Upper area: the chance of tapping 1.20–1.22 is quite high (88%/82%), but the probability of a real breakout and holding above 1.25 is very small. • Lower area: the probability of breaking below 1.15 is not large (around 10%); the 0.81 support is even farther away, so downside risk is low.
In the next 24 hours, it will most likely fluctuate between 1.15 and 1.22, test toward 1.2 but cannot break 1.25, and won’t fall deeply.
Price spent the whole day chopping below $123. Several attempts to push higher failed to hold—there’s solid selling pressure overhead. $123 is unlikely to be broken in the near term; the more price grinds against it, the harder the “wall” becomes.
Support is forming below: $119-120 has buyers stepping in, and further down around $116 there’s stronger support. Overall, this is a range-bound chop pattern—resistance at $123, support at $116, with back-and-forth friction in between.
Strategy: don’t chase at the top of the range; buying on dips is more comfortable. If there’s a genuine breakout of $123 on strong volume, then consider a trend trade—right now, there’s no clear signal. #sol
$BTC This bull market—being able to catch a trade and make a little profit is already very good. Don’t always feel like you sold at the wrong time or “sold too early.” There’s no need to have sold at the very top. In a trend with big ups and downs, the most important thing is not to lose money—that alone is already quite difficult. And you even made a profit! So keep your mindset steady. Over the next couple of days, if your direction is wrong, everything could be wiped out to zero! For now, stay on the sidelines. Unless the direction becomes clear, just be honest and hold back—if you act now, you will most likely lose money. Wait and see!