The market took a “bad beating” at the beginning of October!

Do you know how bad it is that the first day of October was a "warning"? The intraday decline of Bitcoin reached 6.5 points, and the cumulative decline in the past two days was about 10 points!

This round of decline is all due to force majeure! The situation in Iran and Israel, coupled with the "hawkish" stance of Federal Reserve Chairman Powell, has caused the entire market to collapse like a domino! Altcoins have plummeted collectively, with a general decline of more than 10%!

It's really unfair. War and the cryptocurrency circle were originally unrelated, but because of the inertial panic consciousness, the market was directly ruined!

Look at the big cake, it was like a high diving, jumping from 63500 to around 60000, and it has adjusted back 3500u; the second cake is not much better, it jumped directly from 2650 to around 2400, and it has adjusted back 250u.

October: First fall and then rise, the second half of the bull market is about to begin, friends who are trapped should not panic!

After rising for a long time, everyone is worried that it is time to fall. Hey, this may be the best excuse for the correction, and the bulls are now cleaned out.

As for the market, there has never been a market that only goes up and never goes down, nor does it exist a market that keeps falling. If the market has risen too much, it is normal for it to fall back.

If you are optimistic about the future market, then this decline is a good time for you to get on board; if you are pessimistic, then no matter what I say, it will be useless.

BTC has quickly fallen below the previous trend support level of 62500. After a big drop, it is usually mainly a shock recovery.

Now the price has reached the bottom of the hourly level. If you are a day trader, you can pay attention to the three pending order positions of 60500, 59138, and 57550.

ETH is weaker than Bitcoin. The hourly line has fallen below the support level of 2560, but if it can break through this level in the future, it will indicate a new bullish momentum. Ethereum will be upgraded in the first quarter of next year, and it may outperform Bitcoin at that time. It is better to play it safe now.

As for the current market situation, you should enter the market in batches, but don't touch the contract, and don't blindly Fomo! You should know that after a sharp drop, it is often not stable immediately, and small-scale spikes may still occur.

Those KOLs with a large number of fans start to short Bitcoin as soon as the market plummets, and say things like the price of Bitcoin will fall to 40,000.

Bitcoin will definitely reach 100,000 US dollars. Brothers who don’t believe it, just wait and see. Let time verify it!

Always keep a full position: Even if the market falls by a waterfall, I firmly believe that it is the last drop before the surge!

On April 14, Iran launched drone and missile attacks on Israel, and the market was hit hard, with the price dropping to as low as $56,552. But guess what? Within two months, the market rebounded strongly, and the price approached $70,000 again.

On August 5, Lebanon launched a drone attack on Israel, and the price of Bitcoin fell to a low of $49,000, but then it rebounded and approached $70,000 again.

Now, Iran has launched missiles at Israel again, and the market has fallen again. However, according to the law that history always repeats itself, I firmly believe that this decline is the last drop to the peak of the bull market. My friends, it’s time to buy the bottom boldly!

The expectation of interest rate cuts, coupled with the US election, has injected more possibilities into the market. Expectations are almost maxed out. There is no reason not to see an increase under such circumstances.

Now let’s talk about the Hong Kong sector of the crypto market. Is it too late?

After the war between Iran and Israel last night, the whole world has seen clearly that China is the safest place. Now, Hong Kong stocks are simply winning, and foreign and domestic capital are pouring in like a tide.

In the Hong Kong sector concept, the leader CFX, the second leader ACH, and key, phb, mdt, and lina are all riding on this concept.

Among them, lina has been included in the observation area by Binance spot, and mdt had contracts before, but it is not known when it was delisted. These two that may have some problems have the worst rebound.

In the past two days, the big cake has adjusted back by ten points, and many brothers are starting to feel uncomfortable again. They just finished the short position a few days ago, and now they have to carry the long position again.

This wave of rise started on September 7 and lasted until September 27, with a pullback in the middle. This wave of continuous rise made many brothers a little overwhelmed.

Every month there will be a few times when the intraday decline is more than 5 points. We must be aware of this. If we don’t take preventive measures, once the risk comes, we will have no ability to resist it!