[Analysis of early trading on October 9th - U.S. stocks are closed and continue to fluctuate at low frequencies]
Macroscopic view:
The U.S. stock market is closed today, and the weekly close on Monday was indeed uneventful. The Palestinian-Israeli conflict has little impact on the currency circle. The usual methods of beautiful countries are good for the US dollar index. Q3 quarter earnings have started to come out this week. The focus this week is on the revenue of Morgan and Citigroup on Friday. What needs attention this week is the Fed’s speeches from the 11th to the 13th.
Technical aspect:
1. BTC’s depleted liquidity and impressive volatility fluctuated around 2.79 again yesterday. Those who were short of 2.8 needed to lighten their positions in the short term when it reached around 2.76 yesterday. If it falls below, it will look around 2.73. The anti-draw position after the TRB script has been completed is given again. A break of 45-47 is the beginning of the pattern. Avax rndr MKR can be pushed according to the position.
2. BTC’s weekly closing is Yin Cross. This kind of weekly closing has not been very good in the past half year. A breakthrough requires volume and energy to reverse. The short-term support within the day is still 2.73, and the intraday pressure remains unchanged at 2.82. The shock range remains unchanged at 2.71-2.85. The upper target is around 2.96, and the lower support is 2.66-2.68. If it falls below this round of rebound, it will weaken and continue to test new lows. Pay more attention to trend line changes in short periods
3. ETH said yesterday that it would continue to test the 1620 support. Ether is very weak, so long positions need to be reduced. The 1640 pressure short order given yesterday can be used as entry protection. Today’s support is 1600 1580 1550 and pressure is 1660 1680