PalBTC Market Weekly Report -10.12 Figure 1: Weekly Chart 1. Weekly bearish trend 1) This is a negative result after rejecting the high point of 874 for three consecutive weeks of testing; 2) Moreover, both the low point and closing price of the candlestick are lower than the previous week; 3) The overall net outflow of ETF last week was 710 million, which is the first time in recent weeks that there has been an outflow. So the current signal is biased downwards. We will continue to monitor the ETF situation this week. As long as there are no large purchases or outflows, I believe the weekly trend will continue to decline and rebound first. 2. From the perspective of K-line 1) The range we are currently focusing on is 60-979, with an eq of 79. 2) After plundering 60, the price has now broken through 83, and the transition between high and low points here has caused structural damage, marking the end of the downward trend from 126 to 578. That's also why it's possible to start investing. Because unless there are special black swan situations, 578 is at the bottom. 3) What everyone is concerned about here is where the callback went, I think we should first focus on the vicinity of 77-79, where EQ and low support levels are located. If it can't hold up here, then we'll have to plunder 75. We'll go see if the pins react near 72. If we go any further, we'll have to look around 65, which currently has a low probability. 3. Macro news 1) This week is a period of intensive speeches by Federal Reserve governors, including Waller on Tuesday, Barkin, Collins, and Bauman on Wednesday. The most important thing is that on Friday, Federal Reserve Chairman Walsh attended the IMF annual meeting in Bangkok and had a fireplace talk with IMF Managing Director Georgieva. Focus on the statements of interest rate hikes in October and this year, but currently the probability of a rate hike in October is not high, as there will be midterm elections. 2) Wednesday 10.14: US September non seasonally adjusted CPI annual rate. Figure 2: Daily Chart 1. The daily chart is the one I gave you yesterday. 84-85, 80-81, 75-77, these are the current key resistance support transition positions. At present, it can be seen that the weekend pre market customary pull test 84-85 has been rejected here. Then come down and continue watching the 80-81 test. 2. For now, let's take a look at the closing line at 8 o'clock tomorrow morning. If it falls below 828, the probability of a subsequent decline will definitely be higher.