A new month brings a new beginning. Today is Saturday, and I believe the overall trend of the market on the daily chart will be mainly volatile. Therefore, let's briefly discuss the review of the market trends for this week and October:
Firstly, it is not difficult to see that this week's market is mainly characterized by wide fluctuations. At the same time, comparing the market's weekly chart over the past few weeks, it can be observed that the market has been consolidating at a high level for the past few weeks.
Secondly, let's look back at the monthly chart trends of the market from July to October. Although the market reached new highs during this period and experienced the 1011 waterfall, the overall monthly chart has maintained a high-level fluctuation, indicating that the market is in a wait-and-see mode in the larger trend. Whether it is a bear market or a continuation of the bull market remains to be seen. However, during the wide-ranging box fluctuation of the monthly chart, we still choose to engage in cyclical trend trading and cyclical grid arbitrage, which has yielded relatively generous returns.
Then let's take a look at this week's ETF fund flows: BTC spot ETF: net outflow of $637.9 million ETH Spot ETF: Net inflow of $0.808 billion SOL Spot ETF: Net inflow of $199.2 million The capital flow indicates that there has been a net outflow of Bitcoin this week, suggesting that institutions have begun to reduce their holdings of Bitcoin. On the other hand, SOL has performed relatively well this week, so it is worth paying more attention to.
In addition, I looked at the asset scale of BTC. On October 1st, the scale was $149.355 billion, and on October 31st, it was $149.716 billion. Overall, it was almost the same, which means it has remained consistent and did not increase much.
Finally, let's talk about the market trend for the weekend on Saturday. If there are no unexpected news impacts, the market often tends to consolidate, with overall fluctuations not being particularly significant. Therefore, here is a suggested fluctuation range for contract strategies that can be traded by both bulls and bears: BTC: fluctuation in the range of 108000-112000 ETH: fluctuating between 3750-3950 SOL: Fluctuation in the range of 180-193
Warm reminder: 1. Stop-loss suggestions can be set according to personal actual liquidation price and the proportion of capital loss that one can bear. 2. Do not be greedy, securing profits is safe, it is better to take a small loss than to hold onto a losing position. $BTC $ETH $SOL
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A new month brings a new beginning. Today is Saturday, and I believe the overall trend of the market on the daily chart will be mainly volatile. Therefore, let's briefly discuss the review of the market trends for this week and October:
Firstly, it is not difficult to see that this week's market is mainly characterized by wide fluctuations. At the same time, comparing the market's weekly chart over the past few weeks, it can be observed that the market has been consolidating at a high level for the past few weeks.
Secondly, let's look back at the monthly chart trends of the market from July to October. Although the market reached new highs during this period and experienced the 1011 waterfall, the overall monthly chart has maintained a high-level fluctuation, indicating that the market is in a wait-and-see mode in the larger trend. Whether it is a bear market or a continuation of the bull market remains to be seen. However, during the wide-ranging box fluctuation of the monthly chart, we still choose to engage in cyclical trend trading and cyclical grid arbitrage, which has yielded relatively generous returns.
Then let's take a look at this week's ETF fund flows:
BTC spot ETF: net outflow of $637.9 million
ETH Spot ETF: Net inflow of $0.808 billion
SOL Spot ETF: Net inflow of $199.2 million
The capital flow indicates that there has been a net outflow of Bitcoin this week, suggesting that institutions have begun to reduce their holdings of Bitcoin. On the other hand, SOL has performed relatively well this week, so it is worth paying more attention to.
In addition, I looked at the asset scale of BTC. On October 1st, the scale was $149.355 billion, and on October 31st, it was $149.716 billion. Overall, it was almost the same, which means it has remained consistent and did not increase much.
Finally, let's talk about the market trend for the weekend on Saturday. If there are no unexpected news impacts, the market often tends to consolidate, with overall fluctuations not being particularly significant. Therefore, here is a suggested fluctuation range for contract strategies that can be traded by both bulls and bears:
BTC: fluctuation in the range of 108000-112000
ETH: fluctuating between 3750-3950
SOL: Fluctuation in the range of 180-193
Warm reminder:
1. Stop-loss suggestions can be set according to personal actual liquidation price and the proportion of capital loss that one can bear.
2. Do not be greedy, securing profits is safe, it is better to take a small loss than to hold onto a losing position.
$BTC $ETH $SOL