Director's 1221st original daily market analysis
2023 .10 .10
1. Market sentiment:
2. Chart structure:
#BTC
#BTC 1H structure:
At present, the trend of Bitcoin is still oscillating within the central axis, but it has returned to the lower area from yesterday’s oscillation in the upper area of the central axis.
Here it depends on whether it will adjust downward directly or break through the median line and continue to maintain the oscillating trend in the upper area.
In the short term, OBV continues to decline, indicating that some funds have fled. So in the short term, we still need to pay attention to the weak state of bulls. It is best to wait patiently for the market to choose the direction.
#BTC 15F structure:
The 15F structure of Bitcoin is in the second rebound stage. At present, the second rebound is almost completed, and we will see how strong the third decline will be.
However, according to my personal expectation, it will not necessarily fall below the previous low. Then there will be a rebound trend. We will see whether a 15F central structure will be formed later.
2、#ETH ：
#ETH 1H structure:
If the price falls below the 1H center, then if it pulls back, as long as it does not break through the lower edge of the 1H center, it will be the third sell.
In the short term, we still need to pay attention to this risk. If it breaks, it means that the third 1H decline will not fall below the previous low. At present, we still need to patiently observe the strength of the rebound. However, the trend is quite bad.
4. Warm Tips
Investing is risky, invest with spare money, remember never to fully invest, no loans are accepted. We only provide information, which does not constitute buying or selling advice. Buying and selling are free, and risks are borne by yourself.
