November 2nd market analysis

Yesterday's Market Review

Yesterday BTC continued to consolidate, with large short-term fluctuations, currently oscillating in the range of 69000-70000. A long upper shadow appeared on the 4-hour chart, and there is still a need for pullback consolidation in the short term. The main strategy is to wait and see. The daily candlestick chart remains healthy, and the weekly chart has formed a golden cross, so hold on and remain confident. Be bullish in the future.

ETH followed the same consolidation trend as BTC yesterday. Currently, ETH is weaker than BTC, with strong support at 2400-2450. This is a good position to Build a Position, and then continue to be bullish, with the target range unchanged at 2800-3000.

Follow the mainstream pump in the altcoin area, be patient and continue to hold SATS, consider closing all positions around 50, continue to wait for PEOPLE in the medium term, and maintain holding FTM.

Intraday Market Analysis

BTC 1-hour and 4-hour levels are below the healthy level, while the daily candlestick level is above the healthy level. There is a high probability of continued pullback within the day. It is recommended to accumulate in the support range during the pullback. The long-term outlook has not weakened, with the lower support at 68500-69000 and upper resistance at 70300-70800.

ETH 1-hour and 4-hour levels are below the healthy level, daily candlestick level is below the healthy level, the probability of further pullback within the day is higher, it is advisable to build positions at the support range during the pullback, maintain existing positions, upper resistance within the day at 2530-2580, lower support within the day at 2400-2450