My outlook on October is still bullish.
But I don’t think the market will rise in a straight line all the way; more likely, it will move like:
Up → shakeout → choose direction again
What really matters isn’t guessing whether it will go up or down every day, but whether the market is gradually confirming key support and resistance levels.
🟠 BTC
Right now, BTC is consolidating around 84,000.
For the short term, focus on:
82K—83K: key support
85K—87K: first resistance zone
90K—92K: next target observation zone
Recently, US spot BTC ETFs saw about $2.4 billion in net inflows over the week; demand/absorption remains clearly strong. At the same time, US Treasury yields are still elevated, and the macro environment will continue to disrupt risk assets.
So for BTC in October, the core is not guessing where the top is, but looking at:
Can support keep moving higher?
If 82K—83K holds, I’m more inclined to interpret the pullback as a shakeout during the uptrend.
If 85K—87K breaks out and holds, then you can continue to watch 90K—92K.
On the other hand, if 82K—83K breaks down, then in the short term you’ll need to refocus on the support/consolidation around 80K—81K.
🔵 ETH
ETH is currently roughly in the 2600—2700 range.
These have already been tested many times around 2800, and recently the US spot ETH ETF saw about $690 million in net inflows for the week; the ETH held by BitMine is also close to 6 million coins—institutional allocation demand is still worth paying attention to.
In October, I mainly watch three levels/areas:
2600—2660: can you hold it?
2750—2820: can you break through?
3000: the next observation zone after breaking 2800
If 2800 truly breaks through and holds, the upside room may open up further.
But if the attempt to push higher fails again at 2800, ETH may continue to range-trade between 2600—2800, and even pull back to lower support.
🌍 October macro milestones also can’t be ignored
In October, there will be a few important data windows for the market:
October 2: US September non-farm payrolls
October 14: US September CPI
October 27—28: FOMC meeting
Among them, non-farm payrolls, CPI, and expectations for Fed policy could all become catalysts for short-term volatility.
So my trading approach for October is very simple:
BTC: hold 82K—83K, watch 85K—87K; after a breakout, observe 90K—92K.
ETH: hold 2600—2660, watch 2750—2820; after a breakout above 2800, then look around 3000.
I still remain on the more bullish side in the bigger direction,
but being bullish ≠ chasing the price.
When the market is rising, don’t FOMO,
and when the market is washing out, don’t easily treat the pullback as a reversal.
As long as the trend hasn’t been broken, wait patiently.
If resistance hasn’t been broken, don’t rush to chase.
If support hasn’t been confirmed, don’t blindly bottom-fish.
What really matters in trading has never been predicting every day which way the next candlestick will go.
Instead:
Let the market work the answer out.
No hype trading, no leading others by the hand.
I only share my own trading logic and market views.
The above are only my personal market observations and do not constitute investment advice.
