The recent trends in the Bitcoin market are noteworthy. The spot buy the dip strategy that started on September 25-26 can now be considered for profit-taking.
Currently, BTC has reached a resistance level, and technical indicator analysis shows that the upward trend may be nearing its end. It is suggested that BTC spot holders consider exiting at the appropriate time.
Ethereum ( ETH ) and Solana ( SOL ) are also under pressure, and their trends largely depend on BTC's performance in the coming days. If BTC fluctuates in a high range, ETH and SOL may have slight upward potential; however, if BTC declines, ETH and SOL may face greater selling pressure. Overall, it is suggested that spot holders of ETH and SOL may also consider taking profits.
For the timing of the next round of Spot layout, there are the following possibilities:
1. The BTC daily Bollinger Band support level rebounded at $114,100 and reached a new high. However, considering the weekly indicators, the likelihood of this situation occurring is extremely low.
2. Stabilizing again in the range of $107,500 - $108,000 and forming a new upward trend. This situation has a certain possibility.
3. It could drop to $98,000 and in extreme cases may reach $94,000. The probability of this happening is relatively high.
In summary, investors should focus on the trends in the range of $107,500 to $108,000, and combine it with the technical indicators at that time to determine whether there will be a further drop to $98,000 or $94,000. Personally, I believe that the reference significance of the price level of $114,100 is relatively small.
When making investment decisions, always stay vigilant, manage risks appropriately, and adjust strategies in a timely manner according to market changes.
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The recent trends in the Bitcoin market are noteworthy. The spot buy the dip strategy that started on September 25-26 can now be considered for profit-taking.
Currently, BTC has reached a resistance level, and technical indicator analysis shows that the upward trend may be nearing its end. It is suggested that BTC spot holders consider exiting at the appropriate time.
Ethereum ( ETH ) and Solana ( SOL ) are also under pressure, and their trends largely depend on BTC's performance in the coming days. If BTC fluctuates in a high range, ETH and SOL may have slight upward potential; however, if BTC declines, ETH and SOL may face greater selling pressure. Overall, it is suggested that spot holders of ETH and SOL may also consider taking profits.
For the timing of the next round of Spot layout, there are the following possibilities:
1. The BTC daily Bollinger Band support level rebounded at $114,100 and reached a new high. However, considering the weekly indicators, the likelihood of this situation occurring is extremely low.
2. Stabilizing again in the range of $107,500 - $108,000 and forming a new upward trend. This situation has a certain possibility.
3. It could drop to $98,000 and in extreme cases may reach $94,000. The probability of this happening is relatively high.
In summary, investors should focus on the trends in the range of $107,500 to $108,000, and combine it with the technical indicators at that time to determine whether there will be a further drop to $98,000 or $94,000. Personally, I believe that the reference significance of the price level of $114,100 is relatively small.
When making investment decisions, always stay vigilant, manage risks appropriately, and adjust strategies in a timely manner according to market changes.