Today's outlook
$BTC Consider shorting if it rebounds to 83,200–83,600. First target: around 82,200; second target: around 81,500. Alternatively, wait for a 4H close below around 82,300 before entering a short. Close the position if a 4H candle closes back above around 83,800. No long positions.
$ETH Consider shorting if it rebounds to 2,520–2,550. First target: around 2,430. Alternatively, wait for a 4H close below around 2,480 before entering a short. Don’t chase a short at the current price.
$ZEC Consider shorting if it rebounds to 1,240–1,260. First target: around 1,170. Short-squeeze risk is highest here, so stop-losses must be strictly observed.
Coming days
10/12 Mon: U.S. bond markets closed
10/13: Fed’s Waller speaks
10/14 Wed 20:30: U.S. September CPI; no new positions from 18:30 to 22:30
10/15 Thu 20:30: U.S. September PPI; no new positions from 18:30 to 22:30
10/16 Fri around 16:00: Deribit weekly expiry; no new positions from 14:00 to 18:00
Further ahead: 10/20 ZEC NU7 decision; 10/27–28 Fed rate decision meeting; 10/30 major monthly options expiry
#btc
$BTC Consider shorting if it rebounds to 83,200–83,600. First target: around 82,200; second target: around 81,500. Alternatively, wait for a 4H close below around 82,300 before entering a short. Close the position if a 4H candle closes back above around 83,800. No long positions.
$ETH Consider shorting if it rebounds to 2,520–2,550. First target: around 2,430. Alternatively, wait for a 4H close below around 2,480 before entering a short. Don’t chase a short at the current price.
$ZEC Consider shorting if it rebounds to 1,240–1,260. First target: around 1,170. Short-squeeze risk is highest here, so stop-losses must be strictly observed.
Coming days
10/12 Mon: U.S. bond markets closed
10/13: Fed’s Waller speaks
10/14 Wed 20:30: U.S. September CPI; no new positions from 18:30 to 22:30
10/15 Thu 20:30: U.S. September PPI; no new positions from 18:30 to 22:30
10/16 Fri around 16:00: Deribit weekly expiry; no new positions from 14:00 to 18:00
Further ahead: 10/20 ZEC NU7 decision; 10/27–28 Fed rate decision meeting; 10/30 major monthly options expiry
#btc