After the big investors escaped the top of 64,000 the day before yesterday, the bullish performance of the big pie was relatively weak. You can see that the 4-hour Bollinger Bands channel has reversed and moved downward again, and the upper track is also moving downwards. Then the upper high point will continue to be suppressed, and the middle track It has also moved down to the coincident position of EMA60 and 80. The short-term indicators have the momentum to further decline. EMA30 continues to maintain a downward movement. The volume below the 0 axis of MACD continues, and the dead cross opening also continues. Then yesterday’s layout of low and long entry The position also needs to be adjusted downward;
The daily level Bollinger Bands channel continues to close, the upper track moves downward very quickly, the K-line is opening lower, the middle track continues to fall, and currently coincides with EMA30. From a short-term perspective, the current retracement demand still exists, then the daily line We need to consider the support range of EMA80, 120 and EMA160. It is expected that the lower rail will move up and touch the position of EMA160; for high-altitude entry points, we need to pay attention to yesterday's high point and the upper rail range;
Focus on the following information this week:
Economic data release:
On October 10, the minutes of the Federal Reserve meeting were released.
US inflation data for September is released.
Financial giant financial reports:
On October 11, BlackRock, JPMorgan Chase and other institutions announced their third-quarter financial reports.
The situation in the Middle East:
Pay attention to the development of the situation in the Middle East, which may have an impact on the encryption market.
FTX Compensation Plan:
On October 7, the Delaware Bankruptcy Court approved FTX’s bankruptcy reorganization plan.
98% of creditors will receive at least 118% compensation (settled in cash), and the FTT value is deemed to be zero.
Market Sentiment:
Although the crypto market is in a bull market, the market is flat, and some investors have turned to the A-share market.
During the bull market, investors tend to be impetuous and should treat market opportunities rationally and focus on investments they can understand.
Although the crypto market is still in a bull market, it feels like watching a bland movie and is uninspiring. I heard that many friends in the currency circle can't help but "jump" to buy A-shares in pursuit of something new and exciting. In fact, whether it is the stock market or the crypto market, everyone loves the bull market, because the bull market is like pie in the sky, making people feel that the opportunity to make money and make big money is right in front of them.
But when the bull market comes, some people become like ants on a hot pot, running around anxiously for fear of missing any opportunity to make a fortune.As soon as they hear that there is a fire somewhere, they rush in, fearing that they will be a step late. $BTC
