The Chinese government making crypto currency trading illegal triggered correction is now over. Bitcoin (BTCUSD)'s ability to recover above $45000 and $48000 resistances are setting up for the assault on crucial resistance level $53000 immediately. Once the $53000 level is broken, a bullish Cup and Handle pattern will then be formed and the challenge of all time high level $64895 would be inevitable technically.
After finding good support at the $3000 level , Ethereum (ETHUSD) ,is now on the verge of breaking crucial resistance $3500, accelerated move up to $4000 is likely if it is broken. Once $4000 is broken, the formation of a bullish Cup and Handle pattern will quickly take ETH to all time high $4380 and above.
1. Digital asset investment products attracted $90 million in new money in the seven days last Friday, the seventh straight week of inflows. Bitcoin-focused funds took in $69 million, according to a report published Monday by CoinShares. It was the third straight week of inflows for bitcoin funds, pushing the cumulative intake over the period to $115 million and cementing a trend reversal from the prior few months when redemptions were the norm.---Coindesk.com 10/04/2021
2. The crypto market started October on a bullish note, jumping more than 10% on the first day of the new month as total valuation jumped over $2.10 trillion. While the last quarter is anticipated to be a bullish one, the Evergrande fiasco could only help it grow further. Bitcoin was created in 2009 because of the 2008 recession and was meant to withstand the failure of the traditional financial system. This was evident during the pandemic as BTC rose to new all-time highs.The final quarter of 2021 could prove to be the biggest bullish quarter as tensions in the mainstream market would propel investors to look for better hedging assets, and Bitcoin is currently the top alternative. BTC's price was trading at $47,703, falling from a daily high of $49,130. The top cryptocurrency is currently trying to regain $50K resistance as support and once past that, it could set eyes on ATH. ---Coingape.com 10/03/2021
3. A Bitcoin (BTC) exchange-traded fund (ETF) has a 75% chance of being approved this month — in some form.In comments this weekend, Eric Balchunas, senior ETF analyst for Bloomberg, said that United States Bitcoin futures ETFs were “ likely on schedule" for the regulatory green light.Balchunas referred to SEC chair Garry Gensler, who last week hinted at a permissive stance regarding the instruments."When combined with the other federal securities laws, the ’40 Act provides significant investor protections for mutual funds and ETFs. I look forward to staff’s review of such filings." ---Cointelegraph.com 10/3/20214. Bitcoin BTC's price surged by 9.88% on the first day in October '21, as it heads for Plan B's October $63K price target. PlanB, famous for the stock-to-flow model predicts that Bitcoin as a store of value would attain the $98K mark in November and the $135K mark in December. He also mentioned a floor model (Worst-case scenario), that's not based on S2F-Stock to flow, but on-chain and price data as the S2F already suggests $100K at the current time. ---Coingape.com 10/2/2021
5. Reduced probability of a regulatory clampdown on crypto markets seems to be cushioning bitcoin from the instability of traditional markets. On Thursday, Federal Reserve Chairman Jerome Powell told Congress the central bank has “no intention” of banning cryptocurrencies, including stablecoins. Powell's comments came a day after US Securities and Exchange Commission Chairman Gary Gensler reiterated support for bitcoin futures-based exchange-traded funds (ETF). The sentiment in the crypto community appears quite bullish, with several analysts and traders referring to October as “Uptober” on Twitter – a newly coined slang, representing expectations for a price rally this month. ---Coindesk.com 10/1/1921
中国政府将加密货币交易非法化引发的加密货币市场下跌修正现已结束。比特币（BTCUSD）之能够恢复到 45000 美元和 48000 美元阻力位以上，正在为立即攻击关键阻力位 53000 美元做好准备。一旦突破 53000 美元的水平，就会形成看涨的杯状形态，技术上将不可避免地会挑战历史高位 64895 美元。
在 3000 美元的水平找到良好支撑后，以太坊（ETHUSD）现在即将突破关键阻力位 3500 美元，如果它被打破，可能会加速上涨至 4000 美元。一旦突破 4000 美元，形成看涨的杯状形态将迅速将 ETH 带到历史高点 4380 美元或以上。
随着股市下跌、美元贬值和滞胀即将来临，投资者自然会找到比特币和以太坊有吸引力的投资选择。比特币投资信托（GBTC 39.13）和以太坊投资信托（ETHE 32.35）跟踪比特币和以太坊的表现，它们可以在股票市场上购买。 其他有动能的相关股票也很有吸引力，它们是SI（137.25）、HUT（9.56）和MARA（33.52）。以下是支持加密货币看涨的更多利好消息：
1.数字资产投资产品在上周五的7天内吸引了9000万美元的新资金，连续第七周资金流入。根据 CoinShares 周一发布的一份报告，专注于比特币的基金获得了 6900 万美元。这是比特币基金连续第三周资金流入，在此期间的累计流入量达到 1.15 亿美元，并巩固了前几个月流出成为常态的趋势逆转。---Coindesk.com 10/04/2021
2. 加密市场从 10 月开始看涨，在新一个月的第一天上涨超过 10%，总估值跃升超过 2.10 万亿美元。虽然预计最后一个季度将是一个看涨的季度，而恒大的惨败只能帮助其进一步增长。由于 2008 年的经济衰退，比特币于 2009 年创建，旨在抵御传统金融体系的失败。这在病毒大流行期间很明显，因为 BTC 升至历史新高。 2021 年最后一个季度可能被证明是最大的看涨季度，因为主流市场的紧张局势将促使投资者寻找更好的对冲资产，而比特币目前是最佳选择。 BTC 的交易价格为 47,703 美元，从每日高点 49,130 美元下跌。这个顶级的加密货币目前正试图重登 5 万美元的阻力之上而当之为支撑，一旦突破，它可能会关注 历史高位。 ---Coingape.com 10/03/2021
3. 比特币 (BTC) 交易所交易基金 (ETF) 本月将 以某种形式获得批准的可能性为 75%。在本周末的评论中，彭博高级 ETF 分析师 Eric Balchunas 表示，美国比特币期货 ETF “很可能如期”获得监管绿灯。Balchunas 提到了美国证券交易委员会主席 Garry Gensler上周暗示了对这些工具的宽容立场。“当与其他联邦证券法结合时，1940年的法案提供了重要的投资者保护。我期待工作人员对此类文件进行审查。” ---Cointelegraph.com 10/3/2021
4. 比特币 BTC 的价格在 21 年 10 月的第一天飙升了 9.88%，因为它朝着 B 计划的 10 月 63,000 美元的价格目标前进。以库存到流量模型而闻名的 PlanB 预测，作为一种价值储存手段的比特币将在 11 月达到 9.8 万美元大关，在 12 月达到 13.5 万美元大关。他还提到了一个底层模型（最坏情况），它不是基于 S2F-Stock 的流动，而是基于链上和价格数据的 S2F 已经建议目前应该已达10 万美元。 ---Coingape.com 10/2/2021
5. 监管打击加密市场的可能性降低及传统市场的不稳定似乎正在支持了比特币。周四，美联储主席杰罗姆鲍威尔告诉国会，央行“无意”禁止加密货币，包括稳定币。鲍威尔发表上述评论的前一天，美国证券交易委员会主席 Gary Gensler 重申支持基于比特币期货的交易所交易基金 (ETF)。加密货币社区的情绪似乎相当乐观，几位分析师和交易员在 Twitter 上将 10 月称为“Uptober” （上升10月）——这是一个新创造的俚语，代表对本月价格上涨的预期。 ---Coindesk.com 10/1/1921
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