U.S.-Iran deadlock calls for cautious dip-buying; long-term short targets reached! October 9 BTC/ETH outlook
Three U.S. aircraft carriers are expected to gather in the Middle East over the next few weeks, and the Pentagon has drafted plans to strike Iran’s missiles, drones, and energy facilities. However, Trump said discussions between the U.S. and Iran are still making progress and that he does not currently plan to launch an attack before the November midterm elections. The long-term bearish outlook given at the beginning of the month played out as expected: in just one week, BTC fell by more than 5,000 points and ETH dropped by over 300 points! All the targets given have been reached. Those who followed can move their stop-losses to lock in profits! Let’s see whether the breakdown continues and brings bigger gains!
The technical indicators show short-term oversold conditions. The current rebound is merely a technical rebound, while the overall trend remains bearish, so those who have not entered can continue to lie in wait for a rebound!
October 9 short setup:
If BTC rebounds to 82,500-83,000, continue shorting; conservative traders can enter at 83,500-84,000, with defense near 85,000. Targets are around 81,500-81,000; if it breaks down, look toward 80,500-80k, and if the breakdown continues, move the stop-loss to protect profits as conditions warrant!
If ETH rebounds to 2,550-2,580, continue shorting; conservative traders can enter at 2,610-2,640, with defense near 2,680. Targets are around 2,500-2,470; if it breaks down, look toward 2,450-2,430-2,400, and if the breakdown continues, move the stop-loss to protect profits as conditions warrant!
Tensions between the U.S. and Iran, together with tighter global policies, are making it difficult for the bulls to gain strength. With the midterm elections approaching, whether Trump can hold 👑 remains to be seen, so everyone should be cautious about turning bullish!
Three U.S. aircraft carriers are expected to gather in the Middle East over the next few weeks, and the Pentagon has drafted plans to strike Iran’s missiles, drones, and energy facilities. However, Trump said discussions between the U.S. and Iran are still making progress and that he does not currently plan to launch an attack before the November midterm elections. The long-term bearish outlook given at the beginning of the month played out as expected: in just one week, BTC fell by more than 5,000 points and ETH dropped by over 300 points! All the targets given have been reached. Those who followed can move their stop-losses to lock in profits! Let’s see whether the breakdown continues and brings bigger gains!
The technical indicators show short-term oversold conditions. The current rebound is merely a technical rebound, while the overall trend remains bearish, so those who have not entered can continue to lie in wait for a rebound!
October 9 short setup:
If BTC rebounds to 82,500-83,000, continue shorting; conservative traders can enter at 83,500-84,000, with defense near 85,000. Targets are around 81,500-81,000; if it breaks down, look toward 80,500-80k, and if the breakdown continues, move the stop-loss to protect profits as conditions warrant!
If ETH rebounds to 2,550-2,580, continue shorting; conservative traders can enter at 2,610-2,640, with defense near 2,680. Targets are around 2,500-2,470; if it breaks down, look toward 2,450-2,430-2,400, and if the breakdown continues, move the stop-loss to protect profits as conditions warrant!
Tensions between the U.S. and Iran, together with tighter global policies, are making it difficult for the bulls to gain strength. With the midterm elections approaching, whether Trump can hold 👑 remains to be seen, so everyone should be cautious about turning bullish!
