Monday 10.5 Morning Market Analysis
Good morning 🌞 $BTC
$ETH
Dear friends, look over here! After the weekend’s consolidation and rest, the earlier idea has been perfectly verified. BTC has broken out with more than 2,500 points of room, and ETH has taken 60+ points. Today’s market is powering up again for another push!
The large-cycle bullish structure is intact. The bottom-rising trend continues—BTC and ETH move together and strengthen, and the lower support is solid. However, the market sentiment is currently highly synchronized/consistent, so stay alert for a high-level washout and the rhythm of fast back-and-forth volatility.
Overall, the bigger trend is favorable. In terms of execution, prioritize positioning at lower levels. For the high-pressure zones, take short-term trades. To ride the waves steadily, rely on key support and resistance.
ETH in sync with BTC price action: short-term support 2650 ➡️ 2550; resistance 2780 ➡️ 2830 ➡️ 2900
Trading ideas:
For BTC pullbacks to 84000–85000, scale in (buy in batches). Targets: 86500–87500. If it breaks out, look at 88500–90000.
If it rebounds to around 87300–87500 and meets resistance, you can take a light short position.
For a deeper pullback to 82500–83000, that’s a great spot to add on dips.
For ETH pullbacks to 2630–2660, scale in (buy in batches). Targets: 2710–2750. If it breaks out, look at 2780–2830.
If it rebounds to around 2780–2810 and stalls, you can look for a short-term pullback.
Wishing everyone a smooth October trade, with positions soaring! 📈
Good morning 🌞 $BTC
$ETH
Dear friends, look over here! After the weekend’s consolidation and rest, the earlier idea has been perfectly verified. BTC has broken out with more than 2,500 points of room, and ETH has taken 60+ points. Today’s market is powering up again for another push!
The large-cycle bullish structure is intact. The bottom-rising trend continues—BTC and ETH move together and strengthen, and the lower support is solid. However, the market sentiment is currently highly synchronized/consistent, so stay alert for a high-level washout and the rhythm of fast back-and-forth volatility.
Overall, the bigger trend is favorable. In terms of execution, prioritize positioning at lower levels. For the high-pressure zones, take short-term trades. To ride the waves steadily, rely on key support and resistance.
ETH in sync with BTC price action: short-term support 2650 ➡️ 2550; resistance 2780 ➡️ 2830 ➡️ 2900
Trading ideas:
For BTC pullbacks to 84000–85000, scale in (buy in batches). Targets: 86500–87500. If it breaks out, look at 88500–90000.
If it rebounds to around 87300–87500 and meets resistance, you can take a light short position.
For a deeper pullback to 82500–83000, that’s a great spot to add on dips.
For ETH pullbacks to 2630–2660, scale in (buy in batches). Targets: 2710–2750. If it breaks out, look at 2780–2830.
If it rebounds to around 2780–2810 and stalls, you can look for a short-term pullback.
Wishing everyone a smooth October trade, with positions soaring! 📈
