#BTC 1. Fed Governor Waller struck a hawkish tone, saying that even if CPI improves slightly, he still favors a 25-basis-point rate hike in December, and may even consider a 50-basis-point hike if inflation remains high. Expectations for rate hikes are rising, weighing on risk appetite.
2. U.S. spot BTC ETFs continue to see net outflows, while institutional buying has weakened. This is the main capital-related bearish factor behind recent market pressure.
3. U.S. October CPI data will be released tonight. The figures could directly shift expectations for Fed rate cuts or hikes, influencing BTC in tandem with the dollar and Nasdaq, and potentially triggering sharp volatility.
4. Strategy is still buying BTC in batches on dips, but its buying power is limited. It can only provide modest support and cannot offset the selling pressure from ETF outflows.
BTC (current price around 74230): market outlook
✅ Support levels
1. First key support: around 74000. This is the main short-term defense level. If it breaks on high volume, bearish momentum may intensify, bringing the next support into focus.
2. Secondary support: around 73400. Watch this level closely if 74000 fails. Consecutive closes below it would open up room for a deeper pullback.
✅ Resistance levels
1. First short-term resistance: around 75500. Selling pressure is heavy near this level, making a clean break unlikely. Bulls will only have room to recover if price holds above it on strong volume.
2. Mid-term resistance: around 76800. This is a previous high-volume supply zone, where choppy price action is highly likely.
✅ Range-bound outlook
Until price establishes a firm hold above the 75500 resistance or breaks below the 74000 support, the market is likely to remain range-bound between 74000 and 75500. Avoid blindly chasing rallies or selling into dips within this range. A clear direction is more likely only after a high-volume breakout above the range or a breakdown below it.
Zhou Cang Rule (Trading Discipline)
✅ Strictly follow the Zhou Cang trading discipline
✅ Set your stop-loss before entering a trade; never move it lower
✅ Hold a position for no more than 7 days; close it when time is up, whether at a profit or a loss
✅ Do not add to losing positions to average down; stop trading immediately if daily losses reach the threshold #行情推演压力位支撑位
2. U.S. spot BTC ETFs continue to see net outflows, while institutional buying has weakened. This is the main capital-related bearish factor behind recent market pressure.
3. U.S. October CPI data will be released tonight. The figures could directly shift expectations for Fed rate cuts or hikes, influencing BTC in tandem with the dollar and Nasdaq, and potentially triggering sharp volatility.
4. Strategy is still buying BTC in batches on dips, but its buying power is limited. It can only provide modest support and cannot offset the selling pressure from ETF outflows.
BTC (current price around 74230): market outlook
✅ Support levels
1. First key support: around 74000. This is the main short-term defense level. If it breaks on high volume, bearish momentum may intensify, bringing the next support into focus.
2. Secondary support: around 73400. Watch this level closely if 74000 fails. Consecutive closes below it would open up room for a deeper pullback.
✅ Resistance levels
1. First short-term resistance: around 75500. Selling pressure is heavy near this level, making a clean break unlikely. Bulls will only have room to recover if price holds above it on strong volume.
2. Mid-term resistance: around 76800. This is a previous high-volume supply zone, where choppy price action is highly likely.
✅ Range-bound outlook
Until price establishes a firm hold above the 75500 resistance or breaks below the 74000 support, the market is likely to remain range-bound between 74000 and 75500. Avoid blindly chasing rallies or selling into dips within this range. A clear direction is more likely only after a high-volume breakout above the range or a breakdown below it.
Zhou Cang Rule (Trading Discipline)
✅ Strictly follow the Zhou Cang trading discipline
✅ Set your stop-loss before entering a trade; never move it lower
✅ Hold a position for no more than 7 days; close it when time is up, whether at a profit or a loss
✅ Do not add to losing positions to average down; stop trading immediately if daily losses reach the threshold #行情推演压力位支撑位
