9.26 Market Analysis 📊
Yesterday, Friday, the market made a fake push higher and then pulled back. After that, the price action began to weaken. For my own trades, I chased the rally yesterday, and I’m watching whether there will be a chance to recover my losses and get un-stuck over the weekend. Don’t be overly aggressive in chasing highs—watch your risk!
At the moment, the China–US meeting has ended. Most likely, it will play out the same way as Trump’s visit to China: there are positives before he arrives, but once he leaves, it tends to drop… Also, the probability of an interest rate hike in October has returned to around 60–70%. And since it’s already the end of the month, and assuming the monthly trend behaves as expected, 87,300 and 28,06 may be the top. On 10.2 there’s Non-Farm Payrolls, so for the end-of-month short-term, I don’t see a particularly strong upward move. It’s basically consolidation with a bias downward… ⚠️
Intraday outlook
BTC
Resistance on rebounds: 84,150 and the 84,800–85,200 range.
If it can’t hold above 85,000, the market will continue to probe lower.
A break could open the way to 86,000 and 87,200.
Support: 83,200–82,900.
If that breaks, watch 81,800 and then the 80,500–80,100 range.
ETH
Rebound resistance: 2,695–2,698, around the 2,700 area.
Second resistance: 2,718–2,740.
Third resistance: 2,785–2,805.
Support: 2,668 and 2,634.
Strong support around 2,566.
SOL
Yesterday it started “performing” again and went straight to around 123.
Rebound resistance: 122–122.9, with the next resistance at 125.
On the downside, support to watch is around 118.
Second support: 116 and then 113
Yesterday, Friday, the market made a fake push higher and then pulled back. After that, the price action began to weaken. For my own trades, I chased the rally yesterday, and I’m watching whether there will be a chance to recover my losses and get un-stuck over the weekend. Don’t be overly aggressive in chasing highs—watch your risk!
At the moment, the China–US meeting has ended. Most likely, it will play out the same way as Trump’s visit to China: there are positives before he arrives, but once he leaves, it tends to drop… Also, the probability of an interest rate hike in October has returned to around 60–70%. And since it’s already the end of the month, and assuming the monthly trend behaves as expected, 87,300 and 28,06 may be the top. On 10.2 there’s Non-Farm Payrolls, so for the end-of-month short-term, I don’t see a particularly strong upward move. It’s basically consolidation with a bias downward… ⚠️
Intraday outlook
BTC
Resistance on rebounds: 84,150 and the 84,800–85,200 range.
If it can’t hold above 85,000, the market will continue to probe lower.
A break could open the way to 86,000 and 87,200.
Support: 83,200–82,900.
If that breaks, watch 81,800 and then the 80,500–80,100 range.
ETH
Rebound resistance: 2,695–2,698, around the 2,700 area.
Second resistance: 2,718–2,740.
Third resistance: 2,785–2,805.
Support: 2,668 and 2,634.
Strong support around 2,566.
SOL
Yesterday it started “performing” again and went straight to around 123.
Rebound resistance: 122–122.9, with the next resistance at 125.
On the downside, support to watch is around 118.
Second support: 116 and then 113