October 23 Market Analysis
Yesterday's Market Review
Yesterday, BTC continued to consolidate and correct, showing no obvious bearish signs. It remains purely driven by capital, possibly due to market manipulation aiming to reduce resistance for future increases. The daily trend remains strong, while the 4-hour downward momentum is beginning to weaken. Observing the market today, focus on the support levels between 66000-66500. If a correction reaches this range, consider partial accumulation. The weekly golden cross has formed, maintain holdings and stay confident.
The second coin also saw a simultaneous correction, dropping to around 2600. Observing the market today, focus on the support levels between 2550-2600. If a correction reaches this range, consider partial accumulation. Maintain holdings in the accumulated positions and continue to look bullish, with a target range of 2800-3000 unchanged. SATS can continue to be held, and consider liquidating around 50. For PEOPLE, mid-term holdings can continue to wait, and maintain FTM holdings.
Intraday Market Analysis
BTC's 1-hour and 4-hour levels are below healthy levels, while the daily level is above healthy levels. Observing the market today, waiting for the adjustment to end, maintain positions where applicable. The long-term expectation has not weakened. The intraday support is at 66000-66500, with resistance at 68000-68500.
ETH’s 1-hour and 4-hour levels are below healthy levels, while the daily level is above healthy levels. Observing the market today, waiting for the adjustment to end, maintain positions where applicable. The intraday resistance is at 2670-2720, with support at 2550-2600.
