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October 8th, Wednesday, BTC, ETH, SOL daytime outlook
It's the last day of the holiday, and the four-hour rebound has ended just like the holiday. After breaking below 123000, it fell back to around 120500 and only then started to rebound, but the strength is evidently not strong. It cannot support a recovery to the four-hour rebound trend. Although it dropped 5000 points, market sentiment remains in a greedy state, so we still need to be cautious about risks. The rebound will not strengthen until it recovers above 123500-124500. For intraday rebound pressure, we first look at the area around 122800-123500. Pay attention to this range, with the target support at 120000-119000-118000. Before recovering the four-hour rebound trend, any long positions this week should be monitored around the second and third support levels.
ETH's four-hour rebound to watch for 4565-4620. Without reclaiming above these two levels, the rebound won't be too strong. Intraday rebound resistance is at 4530-4565, pay attention to the range. The pullback target support is at 4400-4330-4275. Until the four-hour rebound trend is reclaimed, this week the focus is on waiting at the second and third support levels.
SOL225 has once again formed a lower top conversion. A rebound here will have some strength, and without it, we will look for a pullback. Pay attention to the rebound pressure in the 222-224 range during the day and the pullback target support at 214-210-206. #BTC再创新高