#村长说10.22 market analysis, what to watch this week and what to watch today

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. (ETF expectations exploded)

Market review

Yesterday, the big coin made a small comeback. After stabilizing, it immediately surged again. Today it broke a new high, reaching around 30380. The space above was completely opened, and the small coins also surged together. Now just hold on to it, and those who have the ability can open it a little lower. The cottage season is here~~

What to watch today and this week

Go back to the low and long positions, and look for some small coins to go low and long. It is estimated that by Monday night next week, the market will be mainly bullish, and then look at the changes in the US stock market. 30500-31500 is the strong pressure level. Looking at how the capital market will choose, we can see that the recent trends are all related to whether the sec approves the spot ETF. If it is approved next week or next week, the market will continue. Otherwise, be careful of high-level takeovers.

After breaking through 30,000, the support below came to the 29,600-30,000 line.

The second pie has also exceeded 1600 and has stabilized. Now we will look at the market to make up for the increase. The major support points at the intraday level are mainly around 1600-1620. The first target resistance point above focuses on the line near 1640. The first target point focuses on the line near 1640, and the second target point focuses on the line near 1720. Brief updates on weekends. The article is a personal opinion and does not provide investment advice.