30 October
Crypto Report (Formerly Crypto Research Society)
Yesterday, BTC continued to rise, breaking through 73,000 with significant volume, exceeding expectations and displaying stronger momentum than anticipated. Currently, the 4-hour chart has entered the overbought range, indicating a short-term need for a pullback. Pay attention to whether it can stabilize in the 71,500-72,000 range. The daily level remains healthy, and the upward trend is unchanged. Stay confident and focus on the latest fundamental news. The non-farm payroll data next Friday looks a bit concerning, so be prepared with corresponding defensive strategies. First, pay attention to today's small non-farm data; if expectations are not good, consider reducing holdings to mitigate risk. There are also several positive factors coming up, including elections, interest rate cuts, and FTX fund releases. Stay optimistic; a mid-bull market is about to start.
ETH follows BTC in a synchronous rise, facing strong resistance at 2,680. A slight adjustment is expected before making another attempt to break through. However, ETH's performance remains weaker compared to BTC, and the ETH ecosystem is still not very active. Nevertheless, with BTC's successful breakthrough, it is only a matter of time before ETH catches up; a new round of upward momentum is about to begin.
Altcoin sector follows BTC's rise; SATS has seen significant pullbacks recently, continuously entering the oversold range. Continue to hold and wait for a rebound, aim to cash out around 50. For medium-term holdings, it could reach around 80. PEOPLE rebounded from previous declines yesterday; observe this week, and if no significant upward trend is seen, consider exiting. After reducing holdings, continue to hold CKB and wait for the ecosystem to explode. Keep holding FTM, and temporarily hold FB, waiting for ecosystem recovery.
Fundamental news: Pay attention to this Friday's non-farm payrolls; the current figures are not ideal.
Primary market information:
Continue to monitor RGB++; the recent popularity isn't great.
The rune market has partially recovered; those who previously bought DOG are advised to hold long-term.
The on-chain MEME sector remains hot, requiring ongoing attention.
Daily mainstream coin support and resistance:
For today's market, BTC has support at 71,000-71,500 and resistance at 73,500-74,000. ETH has support at 2,550-2,580 and resistance at 2,650-2,700.
Today's greed and fear index: 77 (Greed)
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