October 11
Handsome Guy’s Market Report — Major Coins
BTC continued to consolidate yesterday, with a 4-hour pullback to 830000. Watch whether it can hold above this level. If it fails to do so, further downside is expected, with the next target in the 77000–80000 range. On the daily timeframe, continue to wait for a pullback and consolidation; be patient. The market is not following the usual script, and expectations of interest rate hikes have risen again. The macro environment remains unstable. The Fear and Greed Index is at 57. For long-term positioning, it is still advisable to wait until macroeconomic developments are confirmed before considering entry. Wait for a confirmed pullback to stabilize and sentiment to improve before following up.
ETH consolidated in tandem with BTC, with a low-volume adjustment on the 4-hour timeframe, tracking BTC. On-chain market activity has cooled considerably recently, and ETH has been affected as well. On the daily timeframe, wait for a pullback to stabilize before considering a position.
Fundamental news: None for now
Intraday support and resistance for major coins:
For today’s intraday market, BTC support is at 81500–82000, with resistance at 83000–83500. ETH support is at 2400–2450, with resistance at 2500–2550.
Handsome Guy’s Market Report — Major Coins
BTC continued to consolidate yesterday, with a 4-hour pullback to 830000. Watch whether it can hold above this level. If it fails to do so, further downside is expected, with the next target in the 77000–80000 range. On the daily timeframe, continue to wait for a pullback and consolidation; be patient. The market is not following the usual script, and expectations of interest rate hikes have risen again. The macro environment remains unstable. The Fear and Greed Index is at 57. For long-term positioning, it is still advisable to wait until macroeconomic developments are confirmed before considering entry. Wait for a confirmed pullback to stabilize and sentiment to improve before following up.
ETH consolidated in tandem with BTC, with a low-volume adjustment on the 4-hour timeframe, tracking BTC. On-chain market activity has cooled considerably recently, and ETH has been affected as well. On the daily timeframe, wait for a pullback to stabilize before considering a position.
Fundamental news: None for now
Intraday support and resistance for major coins:
For today’s intraday market, BTC support is at 81500–82000, with resistance at 83000–83500. ETH support is at 2400–2450, with resistance at 2500–2550.