🚀Market Insights on October 7th Afternoon.🚀
$BTC Opinion:
The major cryptocurrency has reached a new high, and the second one at 2800 has touched, what more do you want? I estimate this wave is about done.
The major cryptocurrency has broken through with volume, closing above the hourly level of 111311. For right-side trading, enter lightly, stop loss if it breaks.
If it drops below 110368 with volume and fails to recover, enter a short position on the right side, stop loss if it recovers. Pay attention to changes in volume and ensure you have a stop loss.
At 109741, a false breakdown occurred, and if it recovers, add one more position. Set stop loss at the false breakdown low or if it breaks below 108946; if it can't recover, do not add more.
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The major cryptocurrency has broken through and stabilized above 111365, looking up towards 112837-114919; this is the highest level I can see at the moment.
For shorting the major cryptocurrency, watch for a 2b false breakout at 112023, drop back and enter lightly short one position. If it stabilizes above 113000, a stop loss is necessary.
For conservative players: buy at 108286, stop loss if it drops below 107195.
The hourly level triangle convergence pattern of the major cryptocurrency has been broken, and it has confirmed support by retesting the lower boundary of the triangle, directly breaking to a new high. This pullback has likely scared off many students who thought the major cryptocurrency would start crashing, not realizing it was a pullback confirming support. I don't understand why students would be scared off; even though there was a drop, there wasn't a lower low. Perhaps this is the difference between understanding the market and not understanding it! Although the major cryptocurrency has broken to a new high, notice the volume indicated by the small arrow on the right; while the price has increased, the volume seems a bit small, which is worth noting.
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Upper resistance: 111365-112837-114919
Lower support: 110514-109764-108968
At the 4-hour level, if it drops below 110511, look down towards 109741-108338. I hope all students do not FOMO; when everyone thinks the major cryptocurrency will go to 120,000, you need to stay clear-minded.
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$ETH Insight:
The second cryptocurrency has broken through 2797 with volume; enter long on the right side, set stop loss if it recovers.
If it drops below 2763 with volume, enter short on the right side; ensure you have a stop loss.
Pullback to 2734 confirms effective support; add one more position, set stop loss if it drops below 2700.
Watch for an opportunity to short one position at 2829 above the second cryptocurrency, stop loss if it breaks above 2853.
The second cryptocurrency has broken through 2801 at the hourly level, continuing to look upwards towards 2829-2860.
Left-side orders: buy one position at 2674, stop loss if it drops below 2639.
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Upper resistance: 2801-2829-2860
Lower support: 2732-2676-2619
At the 4-hour level, if it drops below 2706, look down towards 2649-2600, meeting adjourned.