ANALYSIS October 1, 2023 (Long-term)* On the M1 frame: The M1 candle that just closed is a bullish candle, has a long lower shadow and closes near the top. It shows that there is buying pressure below, temporarily supporting the price above the important support area of ​​25k. However, the chart structure on the M1 frame is still in a downtrend, as shown by creating lower peaks / troughs. => Therefore, from my perspective, it is likely that in October - BTC will have a recovery rhythm. rebound to the 28-29k area, then return to the downtrend. * Comment on Usdt.d (Market share of Usdt) - Candle M1 of the Usdt.d chart closed as a Bearish Pinbar candle, this candle has a candle shadow that creates a False breakout through the diagonal trendline above. This price behavior shows that the downward pressure at the top is strong, so there is a high probability that Usdt.d will continue to fall to the bottom. This supports the uptrend of BTC in October. * Comment on Total3 (Total Crypto market capitalization does not include and )- On frame M1: Monthly candle Total 3 closed as a Bullish Pinbar, this candle The candle's lower shadow is long and closes near the top. Thus, there continuously appear 03 M1 candles (picture) with long lower candle shadows, proving that the pressure increases very strongly. Therefore, the probability of Total 3 recovering in October is very high. In my opinion, it is likely that in October there will be a strong recovery wave of Altcoin => You can consider betting on spot altcoin to surf this period.
_ Quoc TC