Popular Spot
SATS is currently operating in a bullish channel, suitable for buying and holding.
WLD can be slightly monitored, as there are quite a few low-point signals.
Pay more attention to CORE; if it breaks the bearish trend, there will be a nice upward wave.
CFX should be closely monitored to see if it can break through and stabilize at 0.19280; if it stabilizes, consider entering.
The above four spots have been around for over ten days. If you just saw this, do not enter blindly; feel free to leave a message or join the community for discussion.
Market Interpretation
From the four-hour chart of BTC, I personally lean towards low buying. I currently hold long positions, and my target for the evening is between 62100-63500. Looking at the naked K chart, the overall bearish pressure is gradually strengthening, but the four-hour range still shows potential for a rebound, with a maximum target around 64400. If it breaks upwards, I will directly reverse to long and close shorts. However, if it does not break, the major bearish point is around 64400, and I will continue to layout accordingly. The issues on the chart are very clear; if anyone has uncertainties, feel free to leave a message 😄. I mainly use naked K and channels for layout, rarely using MA Bollinger Bands due to their strong lagging nature. If you want to see them, you can leave a message, and I can include them next time. Please note that this article has lagging characteristics and is mainly for reference. You can follow the WeChat public account for daily updates 🔍【Coin Towards Money】.
Resistance Level: 64100-65500
BTC Support Level: 59300
For ETH, the low buying layout is still in place. All current screenshots are taken from live meetings in the community, so please check the overall thought process remains unchanged. The upward extension of the trendline at the bottom is much stronger than the bearish trendline. Therefore, after breaking, I expect a significant rise to stabilize between 2520-2590. If it does not stabilize, pay attention to whether it can break below around 2330. I will continue the live broadcast in the evening, and around one o'clock, please pay attention to the new account of the same name【Coin Towards Money】, as the old account needs verification and has been taken down. Thank you for your recognition; personal suggestions are for reference only. If you want to follow me in and out, feel free to leave a message to join the community! When others are greedy, I am fearful; when others are fearful, I am greedy. Remember, if you have any questions, you can leave a message for communication, or you can communicate under the same name across the internet! Just be mindful of the risks! Please give me likes, views, and shares for this article.
ETH Resistance Level: 2590
ETH Support Level: 2250
Macroeconomic Overview: The three major U.S. stock indices closed lower, and U.S. Treasury yields rose.
The three major U.S. stock indices all closed lower, with the S&P 500 index down 0.96% at 5695.94 points; the Dow Jones index down 0.94% at 41954.24 points; and the Nasdaq index down 1.18% at 17923.90 points. The benchmark 10-year U.S. Treasury yield is at 4.03%, while the 2-year U.S. Treasury yield, which is most sensitive to Federal Reserve policy rates, is at 3.99%.
The U.S. 2-year/10-year Treasury yield curve has turned negative for the first time since the Federal Reserve cut rates by 50 basis points on September 18. Traders expect further rate cuts from the Federal Reserve this year to be less than 50 basis points.
Summary
In the coming months, Bitcoin may continue to face challenges from market volatility and macroeconomic policies. As investor interest in DOGE rises, it may drive its price further up. The market's interpretation of Federal Reserve policies will be key, especially the pace and magnitude of rate cuts, which will directly affect the performance of risk assets.
Additionally, as the U.S. presidential election approaches, political meme tokens may see a surge in popularity, attracting more investor attention. Overall, the recovery of the altcoin market and the popularity of meme tokens may provide new opportunities for investors, but the sustainability and stability of the market still need to be observed.
Personal Introduction
Graduated from Nanjing University with a degree in finance, previously worked as a risk management expert and private wealth advisor at Shanghai Yimeng Securities.
Invested in BTC for the first time in 2015, focusing on the cryptocurrency space for nine years. Experienced multiple bull and bear cycles.
Integrates deep financial expertise and sufficient industry experience into practice.
Helps students quickly master trading skills and improve trading systems.
Trading Style: Good at building structured thinking, created financial trading courses such as naked K strategies.
For business inquiries, search for the same name on WeChat public account【Coin Towards Money】
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