Market analysis on October 2
This week's pullback is in line with what Yiming reminded last week: beware of the risk of pullback.
Regarding the characterization of this pullback: the possibility of a third pullback to bottom out cannot be ruled out, but there is no need to worry about this pullback, as it will soon come back.
The pullback is determined by the cycle, which can be seen from the K-line pattern on the market. Community hosting and member users have also received the results of this pullback. At present, all community hosting accounts that have lasted for more than three months are in a profitable state.
BTC: Yesterday's daily cycle fell below the lifeline of 62534. Currently, there is no bullish signal in the cycle above the hourly chart, and it is expected to fall further. The two key positions of the lower monthly line are 57800 and 53900 respectively
ETH: Linked with the big cake, the daily line, four-hour and hourly charts are all empty trends, and the two key positions of the lower monthly line are 2260 and 2150 respectively
Exchange rate: It has not yet been pulled back in place, and the support below is 0.03932. Bottom-hunting copycats can wait a little longer.
