Good morning everyone.
After checking the daily market, it still mainly appears to be a sideways range trading pattern for now, and it hasn’t truly broken out into a clear direction yet. As for when the market will actually “break,” it’s still hard to draw a conclusion in advance. Overall, the market sentiment also remains somewhat cautious, so today’s focus is mainly on whether a few key levels can hold.
On the news front, over the coming period we still need to keep an eye on the situation between the US and Iran. Although there are still reports of contact and negotiations between both sides, so far there hasn’t been any clear, substantive breakthrough. In the short term, as long as the situation does not escalate again noticeably, the impact on the market should remain relatively manageable. In addition, the most important item this week is the US September jobs data (to be released late Friday). That may bring new volatility to the market at that time.
As for the overall market, my personal bullish view in the medium term hasn’t changed for now. If a more noticeable pullback happens later, I would actually view it as an opportunity to gradually build positions in the spot market, rather than chasing buys during rising prices.
Today, pay close attention to these levels:
For BTC, first watch around 82,800 (the prior low). If it breaks down, then watch around 81,500.
For ETH, first watch around 2,620 (the prior low). The second support is around 2,580.
For SOL, watch around 118 first. If it breaks down, then watch around 116.
As long as the support levels above don’t break down effectively, the market is likely to remain range-bound. If these levels are lost one after another, then be mindful that the price may continue to test lower toward the second support.
Today, the key is simply to see whether the overall market will truly “break” and choose a direction.
#BTC #ETH #solana
After checking the daily market, it still mainly appears to be a sideways range trading pattern for now, and it hasn’t truly broken out into a clear direction yet. As for when the market will actually “break,” it’s still hard to draw a conclusion in advance. Overall, the market sentiment also remains somewhat cautious, so today’s focus is mainly on whether a few key levels can hold.
On the news front, over the coming period we still need to keep an eye on the situation between the US and Iran. Although there are still reports of contact and negotiations between both sides, so far there hasn’t been any clear, substantive breakthrough. In the short term, as long as the situation does not escalate again noticeably, the impact on the market should remain relatively manageable. In addition, the most important item this week is the US September jobs data (to be released late Friday). That may bring new volatility to the market at that time.
As for the overall market, my personal bullish view in the medium term hasn’t changed for now. If a more noticeable pullback happens later, I would actually view it as an opportunity to gradually build positions in the spot market, rather than chasing buys during rising prices.
Today, pay close attention to these levels:
For BTC, first watch around 82,800 (the prior low). If it breaks down, then watch around 81,500.
For ETH, first watch around 2,620 (the prior low). The second support is around 2,580.
For SOL, watch around 118 first. If it breaks down, then watch around 116.
As long as the support levels above don’t break down effectively, the market is likely to remain range-bound. If these levels are lost one after another, then be mindful that the price may continue to test lower toward the second support.
Today, the key is simply to see whether the overall market will truly “break” and choose a direction.
#BTC #ETH #solana