October 17th Market Analysis and Recommendations

Good morning, brothers, October 17, Thursday!

1. Yesterday's market review

Yesterday's market was consistent with the previous view, rising sharply and then quickly falling into a volatile range, with BTC showing strength.

Yesterday BTCOpening Price67074, highest price68424, lowest price66750, Closing Price67620, increase by 0.81%, fluctuation 2.5%

Yesterday's ETH Opening Price 2607, highest price 2647, lowest price 2588, Closing Price 2611, increase 0.14%, amplitude 2.27%

BTCETH's Fluctuation range was not large yesterday, with both rising by around 1%, and the intraday volatility was around 2.5%.

2. Today's Market Analysis

The trend of this pump is where it's at, without any particularly unexpected factors. Yuge believes it's imperative. BTC is definitely going to break to new highs. Currently, the price of BTC in the market data is around 67700, only $6000 away from the historical high of 73777, which is less than a 10% increase. The best rhythm here is to fully consolidate in the current range (66000-70000), and after the adjustment is in place, directly break through the upward movement. Therefore, contract players in the near term must be extremely cautious, as Long Wick Candle explosions in contracts are the most common means of the bull market.

It can be seen that BTC is constantly raising the bottom price. We must be rational at all times. Analysis is one aspect, and operation is another aspect. Never have FOMO emotions and control your own position.

Regarding ETHETH, it is obvious to see that in this round of market data, ETH is weakening again. When BTC was in this range last time, the price of ETH was around 3300, while the current market data price of ETH is around 2600, which is also an important support position. The ETH All-time high is 4868u, and the current market data price is still far from the All-time high. If BTC effectively breaks through 70,000, ETH may start to strengthen, which will drive the altcoin market. Fortunately, ETH has been able to hold at the 2600 level every time, even if it falls sharply, it can be recovered.

Overall, long positions are still very strong, including even the war factors between North Korea and South Korea here.

Intraday pressure and support analysis

BTCBTCresistance level68400-69000-70000

support level 67000-66000-64800

二饼ETH resistance level 2680-2750-2900

support level 2600-2500-2380

Buy on dips, Long mindset

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3、Spot zone analysis and recommendation

The current altcoin is eager to move, and the rotation rules are basically the same as before. First, BTC breaks through, and then ETH drives the entire altcoin market. The most important thing now is to see if the market can effectively break through.

About Spot Currency:

1. Memecoin is undoubtedly the hottest zone in these rounds, from Pepe Floki Bonk People to the recent newcomers like Neiro Turbo, the heat and influx of funds into Memes have always been at the top. At least 1/3 to 1/4 of the Position should be allocated in the Spot layout.

2, AI artificial intelligence zone Arkm Phb Wld Fet etc.

3. Chain Oil zone Bnx currently has a large amount of filling, which can be laid out around 0.6 in Spot, Ygg Loka Gala, etc.

4、Sol ecosystem zone Wif Jup Jto Ray

Fish Brother will share good currencies for the first time. Here, Fish Brother recommends an STX, which is currently priced around 1.8, leading in the BTC ecosystem, with a target of 4-5u or above.

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Fish Brother's current holding currency

ETH ORDI OP WLD STX WIF IO ETHFI PEOPLE