BTC Analysis on October 1st + October Interpretation

It is worth paying attention to whether the U.S. government will shut down at the beginning of the month, as it may affect non-farm payrolls, but the Federal Reserve stated last night that it is very unlikely to impact the release of data. This week will continue to see wide fluctuations, with the collective statements from the Federal Reserve becoming the market focus.

In October, I think the non-farm payrolls will remain dovish, and there is a high probability of continuous interest rate cuts. Attention should be shifted from altcoins back to the leading BTC. Before overall liquidity is fully released, altcoins need to be cautious and not be caught off guard by the sudden changes of the 🐶 market.

On the technical front, the daily MACD has returned above the 0 axis, and the previous small bottom support at the "108800-107200" area is still valid. So don't worry that the bull has run away; this is merely a correction in the mid-term of the bull market. This round of the bull market is very similar to 2021, also led by technology stocks. Therefore, October and November will be the highlight moments of the crazy bull, and based on past data, there is almost no altcoin that can outperform the main BTC.

Before exiting the volatility, it is recommended to focus on segment trading, prioritizing buying in batches at lower levels, and shorting at resistance levels.

Buy BTC in batches near the 110,000 level, short-term target at 114,500, mid-term targets at 117,500 and 119,500, long-term target at 130,000!
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