$Q Volume continues to contract as prices keep falling—the chance for trapped long positions to break even is here!
The price surged 330% in less than a day, and anyone who entered anywhere near the bottom made a killing. Most of you may have gone short along the way and ended up trapped halfway up. The chance to get out is finally here. That’s how altcoins are: market makers won’t pass up a chance to trap anyone blindly trying to pick tops and bottoms. Only by following the trend can you profit steadily and stay in control. This pullback has already turned into a one-way move.
Guan’s view: At the current level, a small short position needs a risk-reward ratio of at least 3:1 to be worthwhile, with the take-profit target at least three times the stop-loss. If your long position is trapped, you don’t need to rush to exit once it’s profitable; you can set your stop-loss at breakeven. The target could be around 0.7. #美股财报季

October 27 $ETH Market Update
ETH’s rebounds are getting weaker each time. Look at the 4-hour chart: the highs keep getting lower. It’s hard to be bullish in this market for now.
2,281 is the short-term bull-bear dividing line. If price breaks below it and fails to reclaim it on a rebound, it will continue to fall. Wait patiently for the next support level.
Around 2,200: if 2,281 is decisively lost, watch closely for buying support in this area.
The Federal Reserve, European Central Bank, and Bank of Japan all have policy announcements this week. U.S. GDP and core PCE data are also due, and earnings from Microsoft, Google, and Amazon are worth watching as well.
These signals could directly affect U.S. stocks, the dollar, Treasury yields, and sentiment around capital flows into the crypto market.
For crypto, volatility could be significant over the next few days. Don’t rush to chase rallies or sell into drops. Focus on the market’s reaction after the data releases, and wait for a clear direction before deciding what to do.
#宏观关键周