【October 1 Evening Brief: ETH Breaks Above 2,700, ZEC Pulls Back 3.5% as Expected, Oil Quietly Touches 92】
Three things are worth watching during today’s Asian session.
First: Korea’s panic is receding. The 3x long ETF that crashed 7.6% yesterday fell only 1% today, while SK Hynix turned positive at +0.8%—the first wave of carry-trade unwinding has passed, but Micron’s -3% is a reminder that semiconductors are still digesting last week’s surge, so don’t rush to catch the falling knife in chip stocks.
Second: The crypto market is strengthening moderately. ETH broke above 2,700 (+0.55%), just 4% below the previous high of 2,807; BTC at 84,216 held the 84,000 level, and yesterday’s probe to 85,650 did not trigger selling, indicating that overhead selling pressure has mostly been absorbed; SOL at 117.95 and XRP at 1.486 pulled back slightly, a healthy rotation.
Third: ZEC fell 3.5% to 1,388—as I said three days ago, rebounds in assets with σ30=8% can be dangerous; those who chased the highs understand now, right? Crude oil extended its gains to 91.7, heading straight for 95—the inflation narrative isn’t over yet.
Key levels: BTC above 85,650 and 86,620, below 83,186 and 81,350; ETH resistance at 2,807 and support at 2,620; gold at 4,176 has held above 4,150 for two consecutive days, and only reclaiming 4,297 would count as a reversal; silver at 60.97 is rebounding, and it needs to hold above 63.50 to have a chance. #BTC $BTC #OneGate见证计划