On October 10, BTC.ETH market trended down in a volatile trend line, and the altcoins collectively followed the decline.

Market review:

The highest yesterday was 62543, the lowest was 60301, and the fluctuation was 2242 points. The highest yesterday was 2473, the lowest was 2351, and the fluctuation was 122 points. Yesterday, Wednesday, the market reached the position near 60000 again. ETH’s lowest point today was 2350. According to the current trend, the percentage of decline is not much. It is just a tentative correction. The market has not broken the 60000 mark. Let’s wait and see whether it will completely fall below the integer mark of 60000 in the next two days. The market will come to the daily level. The short-term support position is 56-58000. The second cake will basically be linked to the daily support position of 2260. The market is in a downturn. Whether it is bullish or bearish, it is in a downturn. It has been fluctuating in the 62-63 range in the past few days. After breaking yesterday, it came directly to the position of 60800 today. This is a good signal for bearishness, but the market may not have a reversal.

Today's Thursday highlights:

BTC

BTC has reached the support position near 60000, and now it is waiting for 60000 The integer mark fell below the 56-58000 range. The current short-term support position on the daily level is around this. The current resistance position on the intraday level must focus on the 61600-62000 range. The intraday support point will first look at 60000. After breaking through, the intraday level can focus on the 59000-59800 range

ETH

ETH's trend yesterday was a bit strong and rebounded, but it also came down very quickly. It is currently in the downward channel on the four-hour level. The intraday support point of 2320 has not been touched yet. Waiting After breaking through 2320, the market will come to the 2240-2280 range. At present, the overall focus is on whether 2200 will return to achieve a perfect break. The resistance position at the intraday level focuses on the vicinity of 2520, and the first support point focuses on 2360.

Copycat

Copycats should not be greedy. The market is still very sluggish, and the pattern is not good at all. Whether you are trading Xianhuo or Heyue, you must set a stop profit and don’t be greedy.

In the end, there are many things that are not written in, such as specific opportunities and specific decisions. These things cannot be summarized in one article.