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After Friday's double injection to stop the decline, we have successfully become bullish on Ethereum 2680, with an expected rebound target of 28803000; BTC81000 bullish 8500088000 has reached the first target position; So the next layout can be adjusted to hold; reason:
1: Bitcoin stabilizes after plummeting: BTC has fallen 24% this month, hitting a 7-month low below $82000 on Friday, but rebounded 2.5% over the weekend to $84152. The reasons include worries about the foam in technology stocks, leveraged positions and the rotation of risky assets. Analysts say this is the 'greatest fear' stage, which may lead to a rebound in the mean, with a short-term target of $86500- $95000. The options market shows that the probability of BTC falling below $90000 at the end of the year has increased to 50%.
2: Low weekend liquidity and market volatility. ISO switch or catalyst, pay attention to the probability of Fed's December interest rate cut (>70%). Short term rebound, but macro risks (such as AI foam) remain. Suggest HODL core assets and be cautious of leverage.
3: After 6 days of net outflow of ETFs, the market has come to a halt in decline, while the RSI daily chart shows oversold and deviates from demand;
Focus on pressure points: BTC86K 88K 94K ETH2.8K 3K 3.2K
Tonight we will talk about the trend and layout of the market; Deviation from technique, follow the live broadcast room, take you through the bull bear journey; Welcome to interact.
Disclaimer: The above content only represents the author's personal opinion and is intended to assist investors in understanding information related to the capital market. It does not constitute any investment advice and does not represent the position or viewpoint of AiCoin. The market is risky and investments should be made with caution.