The village chief said 10.18 market analysis, what to watch this week and what to watch today

Foreword: USA Today released data:

The monthly retail sales rate in September was 0.7%, higher than the expected value of 0.30% and higher than the previous value of 0.60%. Retail sales increased more than expected, consumer demand continues to rise, and economic activity remains strong, which may reduce the possibility of a "economic recession" black swan.

The veteran crypto media Cointelegraph has deleted the previously reported report that "the U.S. Securities and Exchange Commission approved the BlackRock BTC spot ETF".

The U.S. Securities and Exchange Commission (SEC) stated: "Be careful with information on the Internet. The best source of information about the SEC is the SEC official."

Market review

After the market surged above 30,000, the market directly started to step back into the mode, and it jumped back to around 27,800. The market price of 30,000 is a strong pressure level. Due to the selling pressure, most of the hold-up levels are around 30,000, which is the resistance position at the daily line level. This time, the price reached 30,000 due to the insertion of the pin, and the price gapped back by 2,000 US dollars. In fact, the market still stood firm and closed at the daily level of 28,000. The recent market is actually unfriendly to both bulls and shorts, and the market is often It starts to end in about half an hour, and then the long and short positions are eliminated. It is not a market-watching operation, and it is basically difficult to guarantee profits.

Today’s highlights and this week’s are currently looking at a rebound and stabilization, and then a rebound.

On the intraday level, the pie begins to test the first-line support level of 27800-28000. Today, we will first look at the retracement and then look at the sideways consolidation. The pie needs to consolidate sideways on the intraday level. It is entangled in sideways trading between 28000-28600. Today, the support level on the intraday level The main points are around 28,000. The first target point above focuses on the 29,000 line, and the second target point focuses on the resistance point on the 30,000 line.

The current support point of the two cakes is formed in the 1550-60 range. Today, we will first look at the retracement and then the sideways consolidation. The major support points today are mainly around 1520-1530, and the first target resistance point above is Pay attention to the first line of the 1600 range. After the resistance point on the four-hour level stands firm at 1600, we will continue to look for an upward move. The subsequent two pie will make up for the increase. The first target point is the first line near 1640, and the second target point is the position of the first line near 1720. $ETH $BTC $BNB