November 1st Market Analysis

Yesterday's market review

Yesterday, BTC continued to pullback and consolidate, with a pullback exceeding expectations. It briefly fell below 69000. Currently, there is still a need for pullback, so pay attention to the support range of 68000-69000 and conduct normal pullback consolidation to prepare for future pump. The daily candlestick level remains healthy, and the weekly chart has formed a golden cross. Hold on and stay confident, and continue to be bullish in the future.

ETH followed BTC in a synchronous pullback yesterday, falling below 2500 in the short term. Currently, ETH is weaker than BTC, with strong support between 2400 and 2450. This is a good level to build positions. In the future, it will continue to be bullish, with a target range of 2800-3000 remaining unchanged.

In terms of altcoin, follow the mainstream and pump synchronously, continue to hold SATS patiently, consider closing all positions around 50, continue to wait for medium-term holding of PEOPLE, and keep holding FTM.

Intraday Market Analysis

BTC 1-hour and 4-hour charts are below healthy levels, while the daily candlestick chart is above healthy levels. There is a high probability of pullback in the day, and it is recommended to build positions in the support zone during pullback. The long-term expectation remains unchanged. The support levels for today are 68000-68500, and the resistance levels are 70000-70500.

ETH 1-hour and 4-hour levels are below healthy levels, while the daily candlestick level is also below the healthy level. There is a higher probability of continued pullback within the day. It is advisable to hold a position in the support zone during the pullback. For those holding a position, the upper resistance within the day is 2530-2580, and the lower support within the day is 2400-2450.