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
BTC has been calling for a low long position for a week. Brothers, have you fully taken advantage of it? The current price is 64811. Subjectively, the big bull indeed feels comfortable, but everyone should note that the daily line is about to show direction. I have always told everyone that if it does not break again, it will test the bottom near 55 before a big bull charge can occur. Therefore, everyone must do a good job of defense and position management in their layouts. The current support on the four-hour chart is at 64390; if it does not break, we can continue to look for low long positions as the main focus. The highest target is around 65500, which is about right. If a breakout occurs, we need to pay attention to the second line of support at 62500; this position is crucial. Once it breaks, there will be no talk of 63-62-61; we will directly look at whether the bottom at 59300 is being built. Then everyone can follow my thoughts to enter 😄. I basically use naked K and channels for layout, rarely using MA Bollinger Bands due to their strong lagging nature. So 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 🔍【Looking at Money in Coins】
Resistance Level: 65500-68000
BTC Support Level: 64390-62500
ETH's daily chart remains unchanged, so I haven't updated it. Focus on the four-hour structure for layout. From the naked K on the four-hour chart, the current point is at 2556. We have been gradually entering long positions at 2330-2426-2435-2445. So, are the long positions in place now? I believe not yet. Therefore, as long as the four-hour bottom support does not break, I still suggest everyone gradually enter long positions, targeting 2590-2674. Once it stabilizes, it will reach the key resistance and the bull-bear dividing line at 2800. Moreover, these recent rounds of increases have been driven by BTC, with ETH never leading the bull market. The upcoming opportunities are still significant; maintain good defense. Even if a rollercoaster market occurs, it will only be a small fluctuation. Thank you all for your recognition; personal suggestions are for reference only. If you want to follow my entries and exits, 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 don't understand something, 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 like, watch, and share this article three times.
ETH Resistance Level: 2590
ETH Support Level: 2520-2480
Macroeconomic Overview: The three major U.S. stock indices closed lower, and U.S. Treasury yields rose.
The three major U.S. stock indices 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 the Federal Reserve to cut rates by less than 50 basis points for the rest of the year.
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 policy 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.
Incorporating deep financial expertise and sufficient industry experience into practice.
Helping students quickly master trading skills and improve trading systems.
Trading Style: Good at building structured thinking, creating financial trading courses, and naked K strategies.
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