October 10 Cryptocurrency Daily | Federal Reserve adopts a hawkish stance, this morning collectively plunged, BTC/ETH/SOL key support and resistance

CN
3 hours ago

📰【Today's Core Messages】

  1. The Federal Reserve released the FOMC minutes on October 7, signaling a hawkish stance: all members unanimously agreed to raise interest rates by 25bp to 3.75%-4%, with most officials believing another rate hike may still be possible before the end of the year, and raised inflation forecasts for 2026-2028.

  2. As a result, U.S. and European stocks, gold, silver, and cryptocurrencies plummeted collectively last night and this morning, with BTC dropping nearly 3%, ETH nearly 5%, and SOL over 4% at one point, leading to approximately 124,000 people being liquidated, totaling over 700 million dollars.

  3. Funding conditions are diverging: In September, net inflows into BTC spot ETFs were about 2.6 billion dollars, but have clearly cooled recently, with only 241 million last week and about 28 million this week so far; Citigroup just raised its 12-month price target for BTC to 113,000 dollars, increasing the divergence between bulls and bears. China Youth Network Securities Times today’s headline Sina Finance.

📊【Market Summary】 Macro hawkish pressure + ETF capital outflow, short-term leverage is being cleaned out, and the market enters a stage of fluctuating bottom-seeking after a rise and fall. Do not short aggressively or rush to bottom fish, focus on key support levels below to gauge rebounds and act in the direction of breakouts.


BTC (current price around 82,800) 🔹Support 1: 82,200 (24h low) | Strong support: 81,000–81,300 🔹Resistance 1: 84,300–84,400 (24h high) | Strong resistance: 85,000 / 87,000 Interpretation: 84,400 is the level before this morning's plunge; see if it can recover here. If 82,200 cannot hold, look for a drop towards the 81,000 level.

ETH (current price around 2,566) 🔹Support 1: 2,540 (24h low) | Strong support: 2,500 🔹Resistance 1: 2,620–2,630 (24h high) | Strong resistance: 2,700 Interpretation: ETH is declining more than BTC today, following a weaker trend; 2,500 is the vital line for short-term bulls and bears; if lost, deeper retracement space opens up.

🔵 SOL (current price around 115.7) 🔹Support 1: 113–114 | Strong support: 110 🔹Resistance 1: 118–120 | Strong resistance: 125 Interpretation: volatility is greater than BTC, and fluctuations are amplified; 113–114 is the intraday support area, and a break below this targets the 110 psychological level.


💡 Intraday Thoughts: With the hawkish minutes just released, the negative sentiment is still being digested, do not chase longs on rebounds, and do not hold positions on breakouts. A valid break below strong support may signal a short-term weakness, while stability above resistance on increased volume may warrant a bullish outlook. The levels are for reference only; throughout the day, rely on K-line signals, and strictly control positions with stop-losses.

10.08 Crypto Market Intraday|Federal Reserve Goes Hawkish, Plunge This Morning, BTC/ETH/SOL Key Support and Resistance_aicoin_Image1

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