Thursday, October 7
Bitcoin and Ether once again surged to new highs, reaching recent peaks of around 112,000 and 2,795 respectively. It is worth noting that the significant rise in the early morning lacked substantial positive support, driven primarily by vague news about tariff adjustments and interest rate cut expectations, and was largely propelled by market sentiment. In this context, the risk of chasing highs is significant, and it is more suitable to wait for opportunities and consider medium to long-term strategies.
Personal suggestion:
Bitcoin: rebound around 111,550-112,050,
downside first target at 108,500, medium to long-term target around 105,600
Ether: rebound around 2,795-2,815,
downside first target at 2,710, medium to long-term target around 2,450
