#BTC

[Analysis of early trading on October 20th - I took a day off yesterday and resumed updates today] Macroscopic aspect: SEC Chairman Gary said in an interview that he is still weighing the proposal for a BTC spot ETF. The ETF still has no plans to pass one or more. Whether it is Grayscale GBTC or ARK Wood Sister's application, if there is no result on Saturday, there is an expectation of a long period of tension. S&P SPX500 NVIDIA AI will not be strong enough in the second half of the year, and at the same time it restricts exports to China. The S&P is still weak. As mentioned before, 4400 is the strength. The rebound has come down here, and it will continue to test the 4200 support.
Technical aspects: 1. As mentioned the day before, BTC added long and short positions along the resonance level of MA120 MA200 15 minutes and daily line level, which is the support of 2.8. If you place a long order here, you will be given pressure of 2.88, with the highest and lowest being 800 points. As for the profit, I started to push, and the short-term pressure of 2.88 for short orders also took effect, with a maximum profit of more than 400 points. These two things are not tracked, but they must be done according to the profit and loss ratio. The long position given by MKR is 1360-1380. The rebound is not very strong, so it is an entry position for protection.
2. Since the long structure of BTC has been based on the long playbook, the lows of 2.67 2.71 2.75 2.78-2.8 have been rising continuously, and each position has been tested for support. It seems that at least the long structure has not been damaged. The short-term key support is still at 2.8. A fall below here can be seen as weakness, and the short structure comes out. The lower support remains unchanged at 2.77, 2.72 2.68. The 15m short-term support within the day is 2.84. If it is not lower than here, it is strong, and the upper pressure is 2.94 2.96. ( Combining the position and structure, regardless of whether it is long or short, it is calculated according to the profit and loss ratio, reverse small and straight large, what to do at different levels)
3. ETH is as weak as ever. The time point is still to pay attention to the market strengthening expectations before the 15th of next month. The test network determines whether the Cancun upgrade will be postponed. The pressure is still 1640 1680. The multi-day support 1530 will take effect. 1480 1430 spot still pays attention to the daily line. This position is strong and intervenes in the short term (short-term support during the day is 1555)
#BTC