Morning Thoughts on October 1st

Yesterday, the Bitcoin market surged and then corrected, with prices rebounding around the 947 position under pressure, subsequently breaking downwards. Currently, it has retreated again to the 912 line and is showing a rebound. Overall, the market maintains a weak and wide fluctuation, just with some downward adjustment in the range, and the price is currently operating in the area below 930, indicating a weakening trend.

As we reach the last trading day of this week, it has already fallen for three consecutive days, and today may be a turning point, potentially starting this year's upward momentum? Bold prediction: Tonight's Federal Reserve speech and the release of non-farm payroll data might push the market up over 100,000, testing previous highs, with the possibility of the first single-sided market exceeding 10,000 points this year. However, market movements driven by news will eventually return to normal, so keep a calm mindset and enter the market rationally.

The daily chart of Bitcoin shows a technical change breaking the mid-track, with a downward box pattern already formed. Various moving averages continue to decline at different rates. Looking at the 4-hour chart, the lower support keeps moving down, without a strong rebound backing it up, currently in a weak consolidation pattern, with the price touching the low support. In terms of operations, we are seeing a pullback.

Trading Suggestions:

Buy Bitcoin around 927-932, targeting 940-945.

Buy Ethereum around 318-322, targeting 327-330.

Specific trading strategies should be based on actual market conditions. For more updates, join the group: web3博彦#加密市场回调 #币安MegadropSOLV #币安Alpha上新 #BTC #ETH $BTC $ETH $XRP