Happy holidays! Today is October 2nd, and BTC has successfully broken through the 118,000 mark, currently heading towards the next key target range of 120,000-121,000. From the trend, this pump started at 16:00 yesterday and has been continuously rising until noon today. A clear top sideways structure has emerged at the short-term cycle level, indicating a need for a pullback adjustment in the short term.

In the afternoon, pay close attention to the short-term pullback trend. It is recommended to wait for a pullback to the support level before entering long positions. From a larger timeframe (4-hour level), after a continuous rise, time is also needed for technical correction.
For BTC, the ideal scenario is to pull back to around 116100, as this level has a high cost-performance ratio for going long. However, there are still multiple support levels above, and it is necessary to observe whether the price will break through the key level.
Pay close attention to the support level of 118060 during the day:
- If the hourly close does not fall below 118060, then after a pullback on the 15-minute level, it is still expected to continue rising, with resistance levels to pay attention to at 119430, 120876, and 122150;
- If the 1-hour level effectively breaks below 118060, it may trigger a 1-hour pullback, at which point the support levels will shift to 117125, 116100, and 114850.
In terms of Ethereum, today’s pullback focuses on the key support at 4343:
- If the 1-hour level holds this position, there will still be upward momentum after a short-term pullback. Pay attention to the resistance levels at 4397, 4442, and 4475;
- If it loses 4343, it may further pull back to the 4311, 4276, 4248 area.
For SOL, today's support to watch is 220:
- If the 1-hour level does not break 220, there is still upward space after a pullback. Pay attention to the resistance levels at 224, 228, and 232.
- If it breaks below 220, it may enter a 1-2 hour level adjustment, with support levels at 215, 211, and 205.
#GatePerpDEX正式上线 #成长值抽奖赢iPhone17和周边 #加密市场反弹