In the past 24 hours, a total of 102,185 people worldwide have had their accounts liquidated, with a total liquidation amount of $204 million! As expected, the market did not continue to experience a sharp drop in volume overnight, and the market has gradually stabilized. Sentiment has eased, and the Fear & Greed Index has rebounded from 11 yesterday to 16 today. It could take as little as 5-15 days, or as long as a month, for a short to medium-term rally to take place!
Buy on today's pullback. The certainty of tomorrow and the day after may not be as high as today's. We'll see how North America opens tonight. Go boldly during the day!
BTC
BTC closed with a long lower shadow bullish green candle this morning. The daily chart has been oscillating downwards along the MA30, which has now dropped to around 90,000. This means that if the short-term BTC rebound cannot break through and hold above 90,000, it will continue to retrace to the previous low of 85,000, or even break below it and continue to fall. Therefore, do not chase the price near 90,000 to avoid being trapped.
1) There are two resistance levels above: the important resistance level of 89000 and the 4-hour bearish OB (91300-93400).
2) The key levels for BTC are 83800, 82200, and 80600. These three levels will see a series of declines and rebounds, eventually reaching around 70K. We should observe whether the major players will accumulate positions at this level.
ETH
ETH closed with a bearish doji candlestick on the daily chart, clearly indicating a downtrend. The pattern is lower highs followed by lower lows, with the previous high at 3177. Approaching this level presents an opportunity. The lower Bollinger Band is gradually widening downwards, opening up further downside potential. The intraday strategy remains primarily shorting on rallies.
(1) Pay attention to the resistance levels at 2980 and 3030. Enter the market around these levels.
(2) Those who held short positions around 2950 yesterday can continue to hold them. Downside targets are 2910, 2850, and 2800. This week's short target is 2600, and for a swing trade, the target is 2500!
The probability of a Japanese interest rate hike exceeds 90%, and the US CPI is expected to be 3.0%. Based on oil price and tariff information, a 2.8-2.9% rate is more likely to be long.
$NIGHT
$NIGHT is one of the newly listed cryptocurrencies, and its price movement is more erratic than any other coin! It doesn't move when BTC falls, essentially ignoring the overall market trend! Cryptocurrencies like this usually experience significant price surges!
BEAT, PIPPIN
Highly manipulated coins require quick in-and-out trading! Don't get emotionally or morally invested in coins like Beat and Pippin; take a quick profit and run. These guys are there to fleece you. After a pump and dump, they can cut their losses in half at any moment. Take your profits and leave; don't be greedy. Add to your position in batches when the price retraces to the daily MA30 or the lower Bollinger Band on the 4-hour chart, targeting the previous high resistance level. Set a stop-loss of 5-7%. Never chase the price higher; strict risk management is essential.
Dogecoin
The Dogecoin 4-hour chart is a textbook example of "horizontal support and resistance." Support and resistance levels are not strictly a single line (a price with zeros and integers), but rather a price range (allowing for dynamic room for error, which is caused by failed attempts by bulls and bears to break through key levels).
HYPE
HYPE is currently in a state of continuous fluctuation and decline, and has now fallen to 26. There has been no acceleration or surge in volume. Considering the upcoming launch of Lighter and the full release of its own positive factors, if it accelerates down to around 20 (the price at which it was liquidated on October 11), it would be a possible entry point.
The market is constantly changing, and specific entry and exit points should be determined based on real-time conditions. Follow the trend after a breakout! No matter how high your confidence level, please strictly adhere to your stop-loss and take-profit strategies! That's all for today! Follow me so you don't get lost! ( Add me on QQ: 3958133807 with a note, and I'll add you to my learning and discussion group.)
