10.6 Morning Market Analysis: After a Shakeout, Is This a Buying Zone or a Short-Term Trap?$BTC

Good morning, everyone! ☀️ $ETH
After the weekend’s roller-coaster market, Bitcoin surged to 87249 before quickly pulling back, dipping as low as 83782. Yesterday, it mostly traded sideways, and the back-and-forth price action threw many people off their rhythm! Taking a calm look at the charts, the broader uptrend remains intact. This pullback is a consolidation phase within the uptrend, not a trend reversal! Selling pressure is gradually easing, and the market has entered a range-bound recovery phase.

Important macro and fund-flow reminders:
Meeting minutes and CPI-related data are due this week, and macro news could amplify market volatility! In terms of fund flows, BTC spot ETFs have seen sustained inflows recently, while ETH spot ETFs have seen outflows. This is a key reason why ETH has been relatively weak. Overall, the broader outlook remains bullish. Prioritize waiting for pullback opportunities to assess potential entries, while keeping an eye out for short-term opportunities near the resistance zone above. Use support and resistance levels to guide swing trades.

Bitcoin (BTC)
Short-term support: 85000 ➡️ 84200
Short-term resistance: 86500 ➡️ 87250 ➡️ 88500

Trading plan: Scale into long positions on a pullback to around 85200–85000, targeting 86800–87200; if it breaks above 87500, look directly toward 88500–89000.

Ethereum (ETH)
Short-term support: 2680 ➡️ 2650
Short-term resistance: 2750 ➡️ 2779 ➡️ 2800

Trading plan: Follow Bitcoin’s lead. Scale into long positions on a pullback to around 2700–2680, targeting 2750–2770; if it holds above 2800, look toward
2850–2900.

Wishing everyone a successful October of trading and ever-growing portfolios! 📈
#行情分析📈 #BTC走势分析 #ETH走势分析