Regarding the outlook, we will continue the rhythm from the 9/23 evening session. Since price is testing downwards, and after the test there is a rebound that gets capped, both segments of the rhythm confirm this. The market then needs to seek the next support. For BTC, the next downside range is around 81,800–82,200; go there first and see how the liquidation plays out. For ETH, the next level is around 2,590.
Key levels for BTC are 80,500, 81,200, 82,200, 84,500, and 85,800. For ETH: 2,718, 2,688, 2,618, 2,578, and 2,520.
Aggressive entries: 83,500 and 2,650 are the priority pullback entry zones.
Conservative: enter short at 84,500, or around 2,685.
Add to positions and set stop-losses according to your own plan.
Tomorrow, the BTC 15.4 billion USD options expiry occurs. The biggest pain point is 78,000. This week’s pain point has been lifted from 72,000 by about 6,000 points. The risk going forward is already very high; it’s not ruled out that price could sweep both sides like a “heaven-and-earth needle” before the options expiry. What we need to do is, before options expiry, to use the short bias to correct the market.
Key levels for BTC are 80,500, 81,200, 82,200, 84,500, and 85,800. For ETH: 2,718, 2,688, 2,618, 2,578, and 2,520.
Aggressive entries: 83,500 and 2,650 are the priority pullback entry zones.
Conservative: enter short at 84,500, or around 2,685.
Add to positions and set stop-losses according to your own plan.
Tomorrow, the BTC 15.4 billion USD options expiry occurs. The biggest pain point is 78,000. This week’s pain point has been lifted from 72,000 by about 6,000 points. The risk going forward is already very high; it’s not ruled out that price could sweep both sides like a “heaven-and-earth needle” before the options expiry. What we need to do is, before options expiry, to use the short bias to correct the market.
