Market analysis on October 7

Although Big Pie Week K has closed its engulfing and piercing state

It seems to be a top model, but based on a comprehensive analysis of technical indicators and other indicators, the energy of the bulls in the market has not been exhausted, so we are not bearish for the time being.

Big pie day K and four-hour K closing lines indicate that bulls are dominant

The market's rebound to 64,000 will be blocked and come under pressure

This point is 0.618 of this wave of correction

It is also the neckline point, so it will fluctuate in the short term.

The upper pressure is 65100 66800

The bottom of the pie supports 62300~~62700

Ether pressure level 2500 2560

SOL watch 160~~162

Those with heavy positions need to reduce their positions to make profits.

Those with light positions who want to purchase can wait until the market pulls back to around 62700 before considering it.

Don’t chase high prices, especially copycats, take profits and reduce positions

Happy holidays!