10.24

Market sentiment has begun to stabilize, mainly due to two things. One is that the highest leaders of China and the United States will meet in Malaysia on October 30, and the outcome of the meeting will directly affect the tariffs on November 1. It is highly likely that they will TACO. The weekly report has also analyzed this. Although everyone is talking tough, high tariffs are not good for either China or the U.S., especially for the current Chinese side, which will face greater troubles. Trump's goal is to open up some rare earth resources.

The other thing is that Trump has pardoned CZ. We talked about this issue earlier today. For CZ, the biggest advantage may be that he can legally and compliantly re-enter Binance's operations.

BTC

Yesterday, the idea for everyone regarding Bitcoin was to pay attention to the one-hour level rebound. As we expected, there was a one-hour level rebound. Currently, the focus is whether Bitcoin will initiate a rebound at the four-hour level. Therefore, it is crucial to monitor whether the position at 111000 can hold effectively. If it holds effectively, it will initiate a four-hour level rebound. The resistance to watch is the daily moving average. In summary, if it does not break 109300 during the day, it will oscillate upwards, with support at 109300-108600-107500 and resistance at 111000-113400-116000.

ETH

Ethereum is currently forming a converging triangle at the four-hour level. In summary, as long as the position at 3745 does not break, it is highly likely to break through, as we are getting closer to a turning point in the market. Support is at 3750-3670-3588 and resistance is at 3895-3950-4060.

SOL

The chairman of the Solana Foundation mentioned during a speech in Shanghai yesterday that Solana has enabled people across the three layers of public chain networks, application platforms, and assets to make money. They will also continue to enter the Chinese market to leverage the power of the Chinese market. Solana's market performance has been very weak this year, but this chain remains very stable in ongoing ecological construction. It also needs an opportunity to drive changes in the market. A few days ago, we kept advising everyone to pay attention to entering in batches near 176, and it is now at 192. As long as the market does not deteriorate at the four-hour position, it is highly likely to have a four-hour level rebound like Bitcoin. Resistance is also at the daily moving average, with support at 188-180 and resistance at 197-201.