25/09/28 BTC monthly line is about to close, Ethereum daily line has broken the box, is October worth looking forward to?
The weekly and monthly lines of Bitcoin are about to close, with the weekly line showing a evening star and closing with an upper shadow. From the naked K chart, the situation does not look optimistic, but historically, the fourth quarter performance of Bitcoin has always been quite good, so October is still worth paying attention to. The probability of an interest rate cut on October 31st is 87.7%, but on the 25th and 26th, the ETF has been continuously flowing out, and the volume is not small, so the risk in the first week of the new moon is relatively high.
Ethereum's monthly line is likely to close as a doji star. Based on the current situation, it may close as a pregnant line, and after a pullback to support, there is still a chance for an upward movement.
Bitcoin
The daily line of Bitcoin has broken below the three moving averages and has also fallen below 112,000, which is currently bearish. The daily line maintains a descending channel and is still above 107,000 for now. Pay attention to the opportunity for right-side entry; it is possible that there will be a false breakdown that recovers or directly hits the lower edge of the channel for a rebound.
The OBV indicator has been a focus as well. After a significant drop in 2023 and 2024, the white line returning to the yellow line indicates that as long as the pullback does not break below 107,000, there is a chance for a rebound.
Support: 100,000 to 104,500
Resistance: 113,333 to 118,000
Ethereum
Ethereum has broken below the box with a low of 3,851 and is currently below the box, but it has not returned yet. It is still on the left side, waiting for a clear opportunity on the right side. At the same time, attention should be paid to whether Bitcoin can provide a clear signal. The monthly line has formed a pregnant line, and the weekly line has broken the M head. If Ethereum cannot return, the next support is at 3,450 to 3,550.
Support: 3,450 to 3,550
Resistance: 4,150 to 4,300
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The article is time-sensitive and for reference only, updated in real-time.
Focusing on K-line technical research, sharing global investment opportunities. Official account: BTC Trading Prince Fusu
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