David’s Trading Notes

October 8, 2026
$BTC
1. Bitcoin

Bitcoin has returned to the lower edge of the range for the third time. The most fearful point is also where the risk-reward ratio is highest.

Let’s first see how it plays out this time. If there’s a correction, a 2–5% pullback in BTC could mean a 6–8% drop in altcoins.

2. Ethereum

Ethereum is currently ranging near the bottom. It’s time to put the intraday tactical position to work; there’s a potential entry setup.
1. Go long around 2565: wait for a volume-backed breakout on a lower time frame before going long.

2. Two major targets: 2613 and 2639. Reduce the position or take profit when it gets there.

3. If price stalls at 2639, there may also be an opportunity to go short.

3. The Psychological Game

BTC is at the lower edge for the third time. Don’t assume it has broken down yet. The third test is often when sentiment is worst and the price is most attractive, but the lower edge is also where stops are most likely to get swept. Ethereum is still ranging near the bottom; only use the tactical position to follow through on a volume-backed move.

The lower edge is where it’s easiest to panic—and also easiest to buy in too early. Go long only after a volume-backed breakout above 2565. If there’s no volume, just watch. Practice what you preach.

These posts are just my personal trading notes, not investment advice.
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