October 2nd Jing Yi's Operational Thoughts

The year has gone by so quickly. Tomorrow is the Northern Little New Year, and next week is Chinese New Year's Eve. Let's review this week's outlook. First, this week’s data releases include CPI and Non-Farm Payrolls, which are the main focus.

In the morning, Bitcoin surged to 72,300 before sharply pulling back, clearly signaling a short-term top. From a technical perspective: the long upper shadow at 72,300 indicates selling pressure; the price broke below key short-term moving averages. Although indicators are in oversold territory, downward momentum has not yet dissipated. The rebound is not a reversal; the previous rally lacked effective follow-through and was a false breakout. The current rapid decline has triggered panic selling, intensifying the short-term downtrend.

Operational Suggestions:
- For Bitcoin, short near 70,800-71,300 with targets at 69,500-68,800; if broken, look toward 68,000.
- For Ethereum, short near 2,090-2,115 with targets at 2,031, 2,000; if broken, watch for 1,864.

Personal opinion, for reference only.
#当前行情抄底还是观望？