Bitcoin morning market insights on Sunday, October 6

After the non-agricultural data, the market continued to fluctuate weakly, and the overall fluctuations were around the 62300-61800 area. Yesterday, shorting was given around 62100-62500, and the overall profit margin was also eaten up. There is still not much change in the current rhythm, and the key nodes can pay attention to the fluctuations in the evening.

In terms of the daily line structure, after the continuous negative retracement, the short-term positive line adjustment was given. At present, it seems to have rebounded, but it has not broken the overall weak structure. The resistance of the 62500 area above is still relatively strong. It is difficult for bulls to do anything without breaking this position. From the four-hour point of view, the overall rebound strength is not too large. In the short term, the currency price rebounded to the upper track under pressure, and the turning signal has appeared on the hourly line, so the operation continues to maintain the bearish thinking.

On Sunday morning, it is recommended to short Bitcoin around 62100-62500, and the target is 61000-60000.

On Sunday morning, it is recommended to short Ethereum at 2430-2450, and the target is 2320-2260.

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