Director's 1234th original daily market analysis
2023 .10 .23
1. Market sentiment:
2. Chart structure:
#BTC
#BTC 1H structure:
For the current 1H structure of Bitcoin, there is a high probability that a 1H center will be built here. In addition, there is also a short gap in CME, so there is a high probability that there will be a filling action. If there is no filling, it means that the trend is extremely strong and it may go directly to the 3.2W position.
However, the overall market trend is likely to be a volatile upward process. If it is the beginning of a bull market, there will be one or more large pullbacks, which may be recovered within 1-3 days. This trend can further confirm the strong state.
#BTC 15F structure:
At present, the 15F structure of Bitcoin is in an expanding downward channel. It is already near the pressure point. If it can break through directly, coupled with the 1H crossing of the MACD 0 axis twice, this trend will usually have a strong upward trend.
Of course, if there is no breakthrough, we will look for support downwards, but since it is a downward channel, the probability of a breakthrough upwards is very high, so we must also look for opportunities to participate downwards.
#ETH 1H structure:
The structural trend of Auntie has finally come out. Otherwise, it is too far away from the big cake, and it is easy to fall back. However, the third stroke seems to be no longer divergent, but there is a divergence within the segment, so of course you have to be careful.
However, the trend here is the same as that of the big cake, with two golden crosses above the 0 axis of the 1H MACD, indicating that the market trend is extremely strong, and there is still upward momentum in the future, so you can continue to participate in the callback.
4. Warm Tips
Investing is risky, invest with spare money, remember never to fully invest, no loans, we only provide information, does not constitute buying or selling advice, buy and sell freely, at your own risk