11.1 A new month begins, just coinciding with a slight fluctuation on Saturday. Today, trading will follow the normal fluctuation range. Yesterday, Friday's fluctuation range was much smaller than usual, and we are currently at a critical position. An upward movement requires sufficient volume. Although the Federal Reserve has implemented monetary easing, the sustained rise in U.S. stocks has consumed a lot of liquidity, impacting other dollar assets. Yesterday, after a significant opening of the Nasdaq, it oscillated downward, and although there was a recovery at the end of the day, the daily trend was clearly weak. After macro events such as the Federal Reserve's interest rate cuts, the market reacted with a 'sell the news' response, causing prices to retreat from their highs. At the same time, the funding rates in the derivatives market are normalizing, indicating that short-term fervor is cooling.
Bitcoin: Range-bound oscillation. Technical signals indicate that bears are in control. The price is at a critical position, with 109,250 (200-day moving average) being a very important support level. If it can hold, the market may gain some breathing room; if it breaks, it may further explore for support. Support: 107500, Resistance: 110800
Ethereum: Box oscillation, high short and low long. Data shows a significant increase in short positions at the exchanges, which historically is often a leading signal for price rebounds. Once buying pressure returns, it may trigger a 'short squeeze', leading to a rapid price increase. Currently, Ethereum has been operating between the 12-hour box, with unclear direction; the top of the box is short, and the bottom is long, making a one-sided move less likely today. Large positions should not exceed 5%, and small spaces should yield small profits that accumulate over time. Support: 3820, 3750, Resistance: 3900, 3950
10.31 Today is the end of the month K, and it is also a Friday with significant volatility. The long and short bets are relatively strong, and the market is filled with risks and opportunities. The current market environment has eased; discussions have taken place, and meetings have been held. The previous madness of mutual harm has now reached a truce, and the 25 basis point rate cut has also been implemented. The market should now operate according to its own rules and cycles. There is no need to worry too much about major news; small news and updates from various sources will still occur, but their impact will be short-lived. Returning to the market, technically today, the long and short bets are quite significant. After a series of declines, today, with the support of the rate cut, the market is likely to sound the horn for a counterattack. Big cake: first long then short. After a series of declines, except for the daily line still being in a bearish cycle, there is a strong demand for a rebound in the 12-hour and below cycles. All cycles are in a bottom accumulation state. However, attention should be paid to the degree of volume support to determine the height, and during the day, it is advisable to support low absorption of long positions. Support: 108500, Resistance: 111000 Second cake: first long then short. Mainly low absorption, with high shorts as a supplement. However, today the end of the month K will have a rebound supported by the rate cut. The larger monthly and weekly bearish cycle remains unchanged. The intensity of the attack not only depends on the volume support but also on the extent of the big cake's attack and stability. Support 3719 Resistance 3950 4020#币圈资讯 #大盘走势
According to the schedule, the Federal Reserve will hold a monetary policy meeting from October 28 to 29, Eastern Time. It will announce the interest rate decision on the 29th (early morning of the 30th Beijing Time). The market generally expects that the Federal Reserve will lower interest rates again by 25 basis points, to a range of 3.75%—4%. #美联储降息预期 #中美贸易谈判
10.27 The same script is played out again on the weekend. Yesterday, the weekly K line closed positively. It is worth noting that under the favorable shadow shape (there is no actual benefit from negotiations), the market closed the weekly K line positively, and the second pancake also closed positively. The increase yesterday was the largest in the past week. The fundamental reason is that the second pancake's technical pattern accelerated after the daily golden cross. Today, after a probable decline on Monday, it will still oscillate upward. This aligns with yesterday's expected viewpoint.
Big pancake: Oscillating with a bias towards bullishness. Currently, the short-term has entered an extremely overbought market, posing a risk of correction. Near key resistance levels, regardless of bullish or bearish, the risk outweighs the reward. The weekly support for the big pancake has not been broken, and yesterday closed positively, continuing the bull market structure. However, continuous upward movement still depends on the stability of geopolitical relations and the Federal Reserve's interest rate cuts. Support: 113000, Resistance: 17000
Second pancake: Oscillating following the big pancake, there will be opportunities for upward attack after a daytime pullback. The 'smart money' holding over 15,000 ETH has placed sell orders for nearly 30,000 ETH in the range of 4190 to 4914.9 for profit-taking. This indicates that above $4190 is a clear supply zone, and prices will continue to face selling pressure as they rise. Although prices are increasing, the 1-hour RSI has entered the overbought zone (71) and is showing signs of divergence, while the MACD has multiple peak divergence signals. This indicates that the risk of a short-term technical correction is increasing. Support: 3980—4000, Resistance: 4250 #加密市场反弹 #美联储降息预期
Core technical drivers: The price is running between a strong support level of 3853.3 and a medium resistance level of 3889, with low market volatility and balanced sentiment. External environmental impact: Market sentiment is neutral, with mixed messages and no clear external drivers. Main potential risks: Shrinking trading volume leads to insufficient short-term bullish momentum, posing a risk of correction. 1. Overall analysis and judgment The current ETH market shows a pattern of low volatility range consolidation. The technical aspect indicates that the price is operating between 3853.3 (strong support) and 3889 (medium resistance). Although there are three consecutive bullish signals in the short term, the significant decrease in trading volume indicates insufficient upward momentum, and the overall trend remains weak. Additionally, the moving average system shows that short-term moving averages are trending upwards while long-term moving averages are trending downwards, further confirming the judgment that the current market rebound space is limited.
Regarding the external environment, market sentiment is at a neutral level, with no obvious risk preference or risk aversion. Macroeconomic indicators (such as the US dollar index and treasury yield) have not changed significantly, and there have been no major event risks recently. On the news front, institutional capital inflow and technological innovation are favorable, but increased regulation and the delisting of certain trading pairs bring some pressure, resulting in an overall mixed impact.
Key findings: Price range: The price is running between 3853.3 (strong support) and 3889 (medium resistance), with low market volatility. Short-term signal conflict: The three consecutive bullish signals conflict with the shrinking trading volume, indicating insufficient short-term rebound momentum. Moving average arrangement: Short-term moving averages are trending upwards while long-term moving averages are trending downwards, indicating a weak overall trend.