Saturday 10.4 Morning Market Analysis
Good morning ☀️ $BTC
$ETH
Dear friends, look here! After Friday surged to higher levels, the market has entered a consolidation and repair phase! The larger uptrend structure has not been broken. This current pullback is just a buildup and rest after the rally—not a trend reversal. As BTC moves in tandem with ETH, bearish momentum has weakened. The market is now moving back and forth within a range. Overall, we continue to look for a long bias. Prefer to buy on dips. Only when approaching resistance should you consider short-term trading/playing the range. For the short term, you can base your trades on support and resistance zones.
BTC: Support in the short term: 83600 ➝ 82850. Resistance: 85500 ➝ 86500 ➝ 87250
ETH tracking BTC: Short-term support 2650 ➝ 2630. Resistance 2720 ➝ 2750 ➝ 2779
Trading plan:
If BTC retraces to 83800–84000, buy in batches. Targets: 85300–85500; if it breaks out, look for 86500–87250.
If price rebounds to around 85500 and meets resistance, you may try a small short position.
For ETH: On a pullback to 2670–2660, buy in batches. Targets: 2710–2720; if it breaks out, look for 2750–2779.
If ETH rebounds to around 2720 and stalls, you can look for a short-term pullback.
Wishing everyone a smooth trading month in October—positions soaring high! 📈
#行情分析📈
Good morning ☀️ $BTC
$ETH
Dear friends, look here! After Friday surged to higher levels, the market has entered a consolidation and repair phase! The larger uptrend structure has not been broken. This current pullback is just a buildup and rest after the rally—not a trend reversal. As BTC moves in tandem with ETH, bearish momentum has weakened. The market is now moving back and forth within a range. Overall, we continue to look for a long bias. Prefer to buy on dips. Only when approaching resistance should you consider short-term trading/playing the range. For the short term, you can base your trades on support and resistance zones.
BTC: Support in the short term: 83600 ➝ 82850. Resistance: 85500 ➝ 86500 ➝ 87250
ETH tracking BTC: Short-term support 2650 ➝ 2630. Resistance 2720 ➝ 2750 ➝ 2779
Trading plan:
If BTC retraces to 83800–84000, buy in batches. Targets: 85300–85500; if it breaks out, look for 86500–87250.
If price rebounds to around 85500 and meets resistance, you may try a small short position.
For ETH: On a pullback to 2670–2660, buy in batches. Targets: 2710–2720; if it breaks out, look for 2750–2779.
If ETH rebounds to around 2720 and stalls, you can look for a short-term pullback.
Wishing everyone a smooth trading month in October—positions soaring high! 📈
#行情分析📈
