Intraday market analysis for Oct. 9 📊
The market plunged yesterday. In extreme conditions, don’t open trades recklessly.
BTC finally dropped to the 81,600–80,500 support zone, and the 80,000 level has held as support for now.
The market is currently rebounding. In my view, it’s unlikely to take off immediately.
Only after the market has gone through a base-building process and successfully formed a bottom will a new trend begin.
Bottoms are rounded, while tops are pointed. In the short term, I expect a range of 80,000–84,000. It’s a good sign if 80,000 holds and the market successfully forms a base without breaking below it.
⚠️ If the 80,000 support fails, the only option is to look for long entries at the strong 76,000–75,000 support zone.
Intraday market levels
BTC rebound resistance: 82,700–83,500
Next resistance: 84,300, 85,300
Support below: 81,600, 81,000–80,500
ETH
Rebound resistance: 2,530–2,540 zone, 2,582, 2,622
Support below: 2,468, 2,430–2,405 zone
SOL
Rebound resistance: 113, 116.5–119 zone
Support: 108, 105.6, 102
XAU Gold
Near 4,100, I’ve emphasized that you shouldn’t short—only look to go long near 4,100.
It’s almost at 4,200.
Resistance near 4,232, 4,285, 4,315
Support: 4,145, 4,110, 4,073
As I’ve said, look to go long near 4,100; don’t short at low levels.
The market plunged yesterday. In extreme conditions, don’t open trades recklessly.
BTC finally dropped to the 81,600–80,500 support zone, and the 80,000 level has held as support for now.
The market is currently rebounding. In my view, it’s unlikely to take off immediately.
Only after the market has gone through a base-building process and successfully formed a bottom will a new trend begin.
Bottoms are rounded, while tops are pointed. In the short term, I expect a range of 80,000–84,000. It’s a good sign if 80,000 holds and the market successfully forms a base without breaking below it.
⚠️ If the 80,000 support fails, the only option is to look for long entries at the strong 76,000–75,000 support zone.
Intraday market levels
BTC rebound resistance: 82,700–83,500
Next resistance: 84,300, 85,300
Support below: 81,600, 81,000–80,500
ETH
Rebound resistance: 2,530–2,540 zone, 2,582, 2,622
Support below: 2,468, 2,430–2,405 zone
SOL
Rebound resistance: 113, 116.5–119 zone
Support: 108, 105.6, 102
XAU Gold
Near 4,100, I’ve emphasized that you shouldn’t short—only look to go long near 4,100.
It’s almost at 4,200.
Resistance near 4,232, 4,285, 4,315
Support: 4,145, 4,110, 4,073
As I’ve said, look to go long near 4,100; don’t short at low levels.