The village chief said 10.19 market analysis, what to watch this week and what to watch today

Preface

Gensler, director of the U.S. Securities and Exchange Commission (SEC), said: The SEC is still communicating with companies applying for BTC spot ETFs, and the SEC is weighing proposals for BTC spot ETFs.

Following the resubmission of revised spot BTC ETF prospectuses by ARK and Invesco, asset management giant Fidelity also resubmitted its BTC spot prospectus today. The SEC has gone from previous rejection to current communication.

Market review

Yesterday, the market retreated as expected and then surged higher. At noon, it inserted a pin upward to around 29,000, and then quickly fell back. It basically consolidated between 28,200 and 28,600 throughout the day. In the evening, as US stocks opened lower, it began to retreat again. , as low as around 28150. The recent market is actually unfriendly to both bulls and shorts. The market often starts to end in about half an hour, and then the longs and shorts kill each other. It is not a market-watching operation, and it is basically difficult to guarantee profits.

The second pie is relatively weak. Recently, the big pie is dancing alone, with a bunch of younger guys watching the show, etc. This shows that the current market lacks a hot spot to cause younger guys to follow suit. It is still bullish this month, so patience is needed. Personally, I estimate that we will have to wait for the next time before a large-scale rebound begins.

Today’s highlights and this week’s highlights:

For now, let’s wait and see for a rebound to stabilize, and then wait for a rebound. It is estimated that today's scenario is similar to yesterday's. It rises during the day and then retreats at night. However, we need to pay attention to the increase. If it does not break the previous high, we should pay attention. On the intraday level, the first support level of the market is 27800-28000. Today, we will first look at the pushback, then the rebound, and then the pushback. The intraday level of the market needs sideways consolidation, and the market is entangled in sideways trading between 28200 and 28800. Today, the intraday level is on the The support points are mainly around 28,000. The first target point above focuses on the 29,000 line. Focus on 29,200-29,500, which I personally think is the first short selling point. 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, then the rebound, and then the resurgence. Currently, the two cakes are relatively weak. The major support points today are mainly around 1520-1530. The first target resistance point above is focused on the 1600 range, which is also the first short position. This week, the two cakes will vigorously step back to 1500-1450 before rebounding. Subsequently, the two cakes will make up for the increase. The first target point is the line near 1640. The second target point focuses on the position of the first line near 1720.$ETH $BTC $BNB