October 3 Morning Analysis

From a technical perspective, the hourly chart has experienced a rebound correction after a downward dip. Currently, the price is consolidating around the midline, with the market gradually digesting the previous decline through time rather than price. Due to the lack of news-driven guidance, overall trading sentiment remains cautious, with limited volatility and a trend toward convergence.

The signals from the daily chart are quite clear. The market is still in a phase of oscillation and correction, with the price repeatedly testing near the midline. This area has initially shown signs of short-term support. The key resistance area to watch is around the 70,000 level, which is critical for whether the bulls can further open up space in the short term.

Based on the current technical pattern, the trading approach during the early hours continues to favor low-buying strategies, patiently waiting for pullback opportunities:

- Bitcoin: Consider entering long positions around 67,200, with the target focusing on the 69,500 level.

- Ethereum: Consider entering long positions around 1,960, with the target focusing on the 2,050 region.