Good evening everyone, I am Xin Ya. First, I wish everyone a happy Mid-Autumn Festival. As the market has performed well in the last two days, the market trend is simplified even further.
Regarding the market trend, it continues the rhythm of the night trading on September 23. Since there has been a downward test, the rebound after the test is hindered, and both segments of the rhythm confirm that the market needs to find the next support. For Bitcoin, the downward focus is looking at the range of 81800-82200, and we will assess the liquidation level when reaching there. For Ethereum, the focus is at the range of 2590.
Important levels for Bitcoin are 80500, 81200, 82200, 84500, and 85800, while for Ethereum they are 2718, 2688, 2618, 2578, and 2520.
For aggressive entry, the current price is 83500, and 2650 is the area to enter for short positions.
For conservative entry, short at 84500, and enter at around 2685 for short positions.
Adjustments and stop-loss should be planned by yourself.
Tomorrow, there will be a 15.4 billion dollar options expiration for Bitcoin, with the maximum pain point at 78000. This week, the pain point has risen by six thousand from 72000, and the risk in the market is already very high. The possibility of a 'heaven and earth needle' washing out both sides cannot be ruled out. What we need to do is to correct the market by going short before the options expiration.
Public account, Xin Xuan talks about Chan
Below are the trading operations from the last two days, with four key points of entry and exit.
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