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October 15th, Wednesday BTC, ETH, SOL viewpoints.
Last night, Old Bao's comments led to an increase in expectations for interest rate cuts in October, and overall there was indeed a rebound. However, the strength was obviously not strong enough, as the four-hour chart could not stabilize above 1130. It seems that the market is still haunted by the trade war, with excessive risk aversion.
Looking at the market, today's trend is slightly volatile. Last night I mentioned to pay attention to the closing at 4 o'clock and 8 o'clock, but it still did not close above 1130. The rebound clearly cannot continue to strengthen; to strengthen, it still needs to close above 1130 or break through the high point of 1136. Without this, the previous trend may continue to retrace, testing lower support at 111500-111000-110000. Before the rebound strengthens, keep an eye on these positions and stop-loss and exit if it falls below 109500.
After ETH rebounded and broke through 4100 last night, it has closed above this position for four hours. It can be seen that the pullback strength is noticeably weaker than that of BTC, just feeling a bit unable to rise due to being dragged by BTC. The small-level rebound pattern on the market has not broken down yet. For the four-hour pullback, pay attention to the 4080-4050 range. Keep an eye on the orders in this range. The rebound target resistance is 4200-4250-4300. If it falls below 4020, exit the orders.
The recent trend of SOL has been stronger, and it hasn't followed the market down when the overall market has declined. Pay attention to the pullback around 200-196; as long as it doesn't break below these two levels, we can look for a rebound. The rebound target pressure is around 208-213. If these two resistance levels cannot be broken, the market will be more inclined to be range-bound.