#村长说10.21 market analysis, this week’s highlights and today’s highlights

Preface

Big pie spot ETFs are a magnet. There are only 80 days left before the date that investment banks generally expect that the U.S. Securities and Exchange Commission (SEC) will approve multiple big pie spot ETFs before January 10.

Market review

Yesterday, the market retreated as expected and then surged upward. It rushed all the way from morning to night, reaching a maximum of around 30,200. In the evening, as the U.S. stock market opened lower, the market also started to retreat, reaching a minimum of around 29,300. The upper space was completely opened. This increase It really convinced me (there has been a lot of wailing in the past few days).

Looking back on this week, the price of the market rose all the way from morning to night, and then began to consolidate in the early morning. This is completely opposite to the past few months when it rested during the day and started in the early morning. If the capital in Asia and the Middle East moved during the day, it was Europe, North and South America in the early morning. In the world of capital, does it mean that capital from Asia and the Middle East is entering recently (basically the big pie is forcing the price up) and small coins are following. If that's the case, then the pie shouldn't have fallen significantly recently until something turns around somewhere.

Today’s highlights and this week’s highlights:

First watch for a retracement and then continue to rise to see if yesterday's 30200 will be broken through again. If it is broken, just look at the previous high. 30500-31500 is a strong pressure level. Looking at how the capital market will choose, we can see that the recent trend will be relatively volatile. After the market breaks through 29,000, the support below will reach the 28,800-29,000 line. Assuming that the U.S. does not raise interest rates in November and the spot market ETF passes, there is a high probability that there will be a wave of market conditions and the copycat season will arrive as scheduled.

The second pie has also exceeded 1600. Now we will wait for 4 hours after it stabilizes to see if the market makes up for the increase. The major support points on the day-to-day level are mainly around 1580-1600. The first target resistance point above is focused on the 1640 range, and the two pie 1540-1560 is the major support level. The first target point is around the 1640 range. The second target point focuses on the position of the first line near 1720.