The CPI is coming in strong, and distorted data may mislead the world! 10.23 BTC ETH strategy

Although the government shutdown has left the statistics bureau in a semi-paralyzed state, it will still stubbornly release the crucial September CPI tomorrow. The integrity and accuracy of the data have been overshadowed by a thick veil. Investors are preparing for a "critical moment" that may be filled with noise and even mislead decisions. Besides this report, no other data will be released, which will leave investors and Federal Reserve policymakers flying blind in terms of data. As a result, U.S. stocks briefly surged before retreating, cryptocurrency prices struggled to rebound, and the fear index rose sharply! Yesterday's long positions can only take small profits from short-term trades, with limited room!

The daily line has closed in the red again, and the four-hour chart clearly shows a double-bottom structure. The indicators KDJ and MACD are slightly turning upward from a low position, indicating a slowdown in bearish momentum. Therefore, for intraday operations, Conan suggests focusing on buying on pullbacks! The resistance levels to watch above are 110800, 111600, 113000, 114000, and 115800, while the support levels below are 106600, 116000, 114400, and 113400.

10.23 Long Position Strategy:

BTC current price 107000-107500 enter long, conservative traders 106000-106500 enter, defend around 105400, target looks at 108500-109000-109500-110000, if broken look at 111000-111500-112000, continue to move stop loss and take profit according to the situation!

Enter long at the current price of ETH 3770-3800, for conservative traders enter at 3700-3740, with a stop loss near 3670. The target is 3900-3950-4000, if broken, look at the range of 4050-4090, continue to move the stop loss to protect profits based on the situation!

Short position strategy:

BTC rebounded to 112000-112500, try to short one hand, defend near 113000, target looking at 110000-109500-109000, if broken, look at 108500-108000, continue to move the stop loss based on the situation!

Short one position on ETH at 4070-4100, with a stop loss near 4130. Target at 4000-3970-3950, if it breaks, look for 3900-3850. Continue to move the stop loss based on the situation!

From the market perspective, it is clearly a bottoming structure. The focus is still on the performance of the data this evening. Although the accuracy of the data is questionable, the Federal Reserve can only make decisions based on the data. The government shutdown should be coming to an end soon! #广场创作者认证申请上线