Main focus $ETH | Strategy Long Position Homework spot: This is purely manual
$ETH is the main player today, the direction is straightforward: go long ETHUSDT. The reason is not mystical, it can be explained in one sentence — the funding rate speaks first, then the candlestick dares to move, now the money bag on the other side has already shown its stance.
Recommended entry range here: 2,415-2,425 to go long, stop loss at 2,354, first target 2,501 to reduce half position, second target 2,553 to close the position, starting with 10x leverage. The stop loss is deliberately set just below the low point on 10/17, if broken it means the three-day bottoming is a scam, accept a small loss and exit.
First, scan the global sentiment
On Friday, the US stock market gave a farewell performance for tech stocks: Nasdaq -2.14% at 26,140, S&P -1.09% at 7,659, Dow -0.34% still holding some ground. Brent crude oil surged, touching $110 for the first time since May, reigniting inflation nerves. September retail month-on-month +0.8% beat expectations, but excluding autos and gasoline only +0.2%, money in wallets is being slowly drained by the gas pump.
A-shares surged in the morning on Friday but lost steam in the afternoon, Shanghai Composite closed slightly up at 3,716 points, weekly chart still shows four consecutive declines, down -2.56% for the week; military industry, low-altitude economy, and real estate sectors came out to support, Hong Kong stocks followed Asia-Pacific sentiment and consolidated. The crypto circle never buys into this, US stocks can cry all they want, $BTC live room operates as usual.
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