Director's 1234th original daily market analysis
2023 .10 .23
1. Market sentiment:
2. Chart structure:
#BTC
#BTC Daily structure:
Some people said before that the big cake is moving in the head and shoulders top on the daily line, and some people look at various situations, but I still only look at the daily line center at most. Now you know why I look at the center. For me who only does long and not short, plus various expectations in the second half of the year, the Federal Reserve’s future interest rate cuts, halving, ETFs and other potential benefits are all driving the market. The subsequent market will only fluctuate upward with a high probability, and if it goes down, it will inevitably just give chips to others.
Currently, Bitcoin has broken through the daily central axis. If it does not fall below 3.15W, it will continue to rise and may even have a major uptrend.
This daily breakthrough has broken through the most important pressure since the beginning of this year. The market outlook is full of expectations, but the market always comes suddenly when it is most FOMO. But I hope everyone will cherish this suddenness, because it will inevitably be pulled back in the future, just for the explosive trend.
#BTC 1H structure:
The passage of ETF stimulates a strong rise in the market, and in the short term, the retracement here is estimated to not be too much. 3.2W-3.15 are both strong supports and important pressures that have just been broken through. Personally, I expect that there is a high possibility that the market will continue to rise after short-term fluctuations.
After all, the main force has just broken through an important pressure point, and falling back must be very hurtful to them. They can only quickly get rid of the influence of the previous pressure, so they continue to rise and maintain a shock to attract off-site personnel to enter the market to consolidate the new support point.
#ETH Daily:
We can see that the daily trend of Yitai has been a super large convergent triangle oscillation. Currently, it has been directly pulled up to the vicinity of the upper edge. If it can break through in the future, it means that Yitai has gotten rid of the gravity of an important pressure, and the subsequent rise will only lead to higher prices.
However, in my personal opinion, the market will fluctuate for a while in the short term and then choose to go up. Of course, the possibility of a direct breakout cannot be ruled out. After all, the big news is super good, which can bring a lot of liquidity to the entire market in the future.
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.
