10.03 - 10.04｜What should the broader market watch next?
The weekend is here—actually it’s a better time to slow down the pace a bit.
After BTC’s earlier rapid sweep of the market, it has now returned to trading in a tight range around 84,600. The momentum on the short term (1H–4H) isn’t particularly strong, but the daily structure has not shown clear signs of being broken. So for now, I won’t decide that the trend has reversed just because of a few candlesticks.
Next, I’ll focus on two key areas:
Around 84,000 is the first short-term support/consolidation point. If the weekend pullback can dip here and hold firm, there’s still room for the price to probe higher.
Up above, first watch 85,000–85,500. Whether price can break through and hold there will directly affect the next step in the trading rhythm.
If 84K is lost, don’t try to catch it. Then focus below on the 82,000–83,000 zone. This area is also a key support that some analysts have been repeatedly paying attention to recently.
As for ETH, it’s currently around 2,670, and overall it’s still ranging around 2,700.
Here I’ll treat 2,700 as the short-term boundary. What truly needs to be broken is the 2,750–2,800 region. Recently the market has been paying a lot of attention to this level—multiple tests have happened, but an effective breakout hasn’t formed yet.
Down below, the focus is 2,620–2,650. If there’s a clear show of support after a pullback, there should still be an opportunity to do a swing trade over the weekend.
So my weekend plan is very simple:
For BTC: look for support around 84K, and a breakout around 85.5K.
For ETH: look for support around 2.65K, and a breakout around 2.8K.
Until it’s confirmed, don’t chase and don’t rush to guess the top.
Weekend liquidity tends to change easily. I’d rather do a little less than disrupt the rhythm for the sake of a few candlesticks.
Wait for the levels, wait for confirmation—then leave the rest to the market.
The weekend is here—actually it’s a better time to slow down the pace a bit.
After BTC’s earlier rapid sweep of the market, it has now returned to trading in a tight range around 84,600. The momentum on the short term (1H–4H) isn’t particularly strong, but the daily structure has not shown clear signs of being broken. So for now, I won’t decide that the trend has reversed just because of a few candlesticks.
Next, I’ll focus on two key areas:
Around 84,000 is the first short-term support/consolidation point. If the weekend pullback can dip here and hold firm, there’s still room for the price to probe higher.
Up above, first watch 85,000–85,500. Whether price can break through and hold there will directly affect the next step in the trading rhythm.
If 84K is lost, don’t try to catch it. Then focus below on the 82,000–83,000 zone. This area is also a key support that some analysts have been repeatedly paying attention to recently.
As for ETH, it’s currently around 2,670, and overall it’s still ranging around 2,700.
Here I’ll treat 2,700 as the short-term boundary. What truly needs to be broken is the 2,750–2,800 region. Recently the market has been paying a lot of attention to this level—multiple tests have happened, but an effective breakout hasn’t formed yet.
Down below, the focus is 2,620–2,650. If there’s a clear show of support after a pullback, there should still be an opportunity to do a swing trade over the weekend.
So my weekend plan is very simple:
For BTC: look for support around 84K, and a breakout around 85.5K.
For ETH: look for support around 2.65K, and a breakout around 2.8K.
Until it’s confirmed, don’t chase and don’t rush to guess the top.
Weekend liquidity tends to change easily. I’d rather do a little less than disrupt the rhythm for the sake of a few candlesticks.
Wait for the levels, wait for confirmation—then leave the rest to the market.
