Popular Spot

SATS is currently operating in a bullish channel, suitable for buying and holding.

WLD can be slightly monitored, as there are quite a few low point signals.

Pay more attention to CORE; if it breaks the bearish trend, there will be a nice upward wave.

CFX should be closely watched to see if it can break through and stabilize at 0.19280; if it stabilizes, consider entering.

The above four spots have been around for over ten days. If you just saw this, do not enter blindly; feel free to leave a message or join the community for discussion.

Market Interpretation

Take a serious look at the daily chart of BTC. Since the bearish downtrend line started in March, it has consistently provided opportunities to enter at high points, and the range is not small. The current point is around 62000. If we extend the left-side trend indefinitely, we can see a small V reversal that occurred in June-July before the third major drop. As long as this position does not break downwards, I see a new bullish trend starting now, targeting 68000. Since the bearish trend line ended after 49, the bullish rise began, with a second bottom at 52 starting to charge forward. This time, according to the trend, it is around 55, but it has been stabilizing around 62 for several days, so as long as it does not break the daily line, the bullish outlook is undoubtedly valid! Now, let's focus on the four-hour level chart. You can see that I have marked the bullish and bearish dividing line based on the previous small V reversal. Starting from the second bottom at 52, the bullish trend has one wick position and one body part. Currently, multiple signals are still giving me bullish signals. Those who understand know what I mean. As long as it breaks and stabilizes above 62500, the new high will look at 65500, then 68000. If it breaks down, pay attention to the lower levels: 60000-59300-55. Remember to be cautious of risks. If you really don’t know how to read the chart, you can join the community to watch the live discussion. My personal thoughts are for reference only! 😄 I basically use naked K and channels to layout with everyone, rarely using MA Bollinger Bands due to their strong lagging nature. So if you want to see them, you can leave a message, and I can bring them next time. Please note that this article has lagging characteristics and is mainly for reference. You can follow the WeChat public account for daily updates 🔍【Coin Towards Money】

Resistance Levels: 64100-65500
BTC Support Level: 60000

ETH Daily Chart: Take a look at the daily level. I will elaborate. First, compared to BTC, ETH has not provided multiple opportunities at the top, only twice before making a new low. However, a key point is that BTC is declining in both high and low, while ETH's high is running downwards, but the bottom is very solid, with the bearish dividing line at over 2800. So structurally, it belongs to a descending triangle, and under the downward pattern, the gap is getting smaller. After the drop from 8.5, it has formed a rebound pattern, with the upper high leveling off and the bottom rising, which belongs to an ascending triangle. Therefore, I have always viewed this upward movement as ETH leading the charge. If it breaks, it will be invalidated! Now, let's focus on the four-hour level mentality. The current visible support at the bottom is at 2250. Whether it can charge upwards will be determined in the next couple of days. The last charge reached 2520, which was my first target. I personally believe this continued pullback belongs to a second bottom. If it does not break the previous low of the upward movement, I see it charging even more fiercely. Remember, the target is directly looking at 26-2800, which can be anticipated. My personal suggestions are for reference only. If you want to follow my entries and exits, feel free to leave a message and join the community! When others are greedy, I am fearful; when others are fearful, I am greedy. Remember, if you don’t understand, you can leave a message for communication, or you can communicate with the same name across the internet! Just be cautious of risks! Please like, view, and share this article!

ETH Resistance Level: 2590

ETH Support Level: 2250

Macroeconomics: U.S. stock indices collectively closed lower, U.S. Treasury yields rose.

The three major U.S. stock indices collectively closed lower, with the S&P 500 index down 0.96% to 5695.94 points; the Dow Jones index down 0.94% to 41954.24 points; and the Nasdaq index down 1.18% to 17923.90 points. The benchmark 10-year U.S. Treasury yield is at 4.03%, while the 2-year U.S. Treasury yield, which is most sensitive to Federal Reserve policy rates, is at 3.99%.

The U.S. 2-year/10-year Treasury yield curve turned negative for the first time since the Federal Reserve cut rates by 50 basis points on September 18. Traders expect the Federal Reserve to cut rates by less than 50 basis points for the rest of the year.

Summary

In the coming months, Bitcoin may continue to face challenges from market volatility and macroeconomic policies. As investor interest in DOGE rises, it may drive its price further up. The market's interpretation of Federal Reserve policy will be key, especially the pace and magnitude of rate cuts, which will directly impact the performance of risk assets.

Additionally, as the U.S. presidential election approaches, political meme tokens may see a surge in popularity, attracting more investor attention. Overall, the recovery of the altcoin market and the popularity of meme tokens may provide new opportunities for investors, but the sustainability and stability of the market still need to be observed.

In the picture above, those who understand know. I wonder what everyone did during the National Day holiday. Anyway, I am ready to gamble with the dog traders, opening a small position separately, and starting a small class in the community to challenge the holiday trading. After all, people in the crypto circle often make money during holidays and go out to have fun on weekdays, hehehe. If you're interested, feel free to reach out; the National Day starts now.

Personal Introduction

Graduated from Nanjing University with a degree in finance, previously worked as a risk management expert and private wealth advisor at Shanghai Yimeng Securities.

Invested in BTC for the first time in 2015 and have focused on the crypto space for nine years, experiencing multiple bull and bear markets.

Integrating deep financial expertise and sufficient industry experience into practical operations.

Helping students quickly master trading skills and improve trading systems.

Trading Style: Good at building structured thinking, creating financial trading courses, and naked K strategies.

For business inquiries, search for the same name on WeChat public account 【Coin Towards Money】

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