[Director] Analysis of the market on October 8: Keep a low profile and wait for the dragon to appear in the field. The 1H structure of the big pie will continue to fluctuate. Wait patiently for the market to choose a direction.

Director's 1219th original daily market analysis

 2023 .10 .8

1. Market sentiment:

2. Chart structure:
​#BTC

#BTC 1H structure:

​           Currently, Bitcoin is still oscillating within the 1H center. The price basically remained at the same place yesterday. However, Bitcoin is currently oscillating in the upper area. If it oscillates in this area, the probability of an upward trend will gradually increase with the passage of time. Therefore, in the short term, the probability of an upward trend is still relatively large.

#btc 15F structure:

​       The current structure of the 15F of the big cake is to build a central oscillation trend. Looking at the OBV here, it is currently in a steady and gentle upward process, indicating that this round of funds has not run away, so the probability of short-term upward movement here is still relatively large.

Just wait patiently.

#ETH ：

#eth 1H structure:

​          At present, the trend of the aunt is still relatively weak. Let's see if it can form a head and shoulders bottom. If it falls below the yellow support line area, it will continue to move downward, and it is very likely to go to the previous low position, so relatively speaking, the overall trend is still very weak.

 
4. Warm Tips
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