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October 6 Market Analysis + encryption Information Spread
After the rebound, [逃命 逃命 逃命] refuse to be an armchair strategist ❌
1⃣ #BTC reached a new high, the logic here remains unchanged, still waiting for an integer level or a lucky number. Yesterday's 125708.42 is not a key figure, do not blindly chase highs.
Around 126600 there is significant pressure; if there is an adjustment here, the risk will not be small, it is a system-level risk. Those who want to short can place orders, starting to build positions around 126600, with a stop loss at 127000.
2⃣ #ETH has adjusted for a few days, and BTC hasn't reached a high point. Focus on long positions without being greedy in battle, aiming for a space of a hundred dollars. Will BTC's adjustment bring risks to ETH? It's better to wait for the adjustment to finish before making further moves.
If you can't control your hands, give more, even to the shorts. The risk is the adjustment of BTC, add stop loss to long positions.
3⃣ The current key support level for the market #BTC:
--BTC:
Aggressive short position: limit orders at 126000, 126500, stop loss at 127000, take profit near 120000
Wait for the market to give clear signals, such as quickly retreating after numbers like 126666.66 and 127777.77 before taking a short position.
--ETH:
Long position: open at 4461, stop loss: 4400, take profit near 4700
Short Position: Open at 4755, Stop Loss: 4800, Take Profit: Around 4500
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All views only represent personal opinions 👀
Not to be considered as any investment advice‼️