10.31 BTC Preceding the Bull, Market Correction Ends, Bitcoin Stabilizes at 70,000 Before Bull

Last night after the altcoins surged, there was a correction, with the bottom slowly rising. After Bitcoin reached a peak on the daily and four-hour levels, there was indeed another round of pullback. The first pullback held, and after a daily rebound, we need to observe whether the second attempt to rise will continue to decline. The support targets are the first position at 70,800 and the last major position at 69,500.

Ethereum and altcoins have a strong recovery sentiment, it is recommended to pay more attention to the recovery of altcoins. On an hourly basis during the day, Bitcoin has a chance to lead the altcoins upward, while the main theme remains the correction. We should wait for the non-farm payroll news on Friday and for Bitcoin to stabilize first.

BTC + Ethereum Daily - 4 Hour Level Market Analysis

After the previous high, the correction has not been adequate. Ethereum is relatively stronger compared to Bitcoin, but it doesn't have much effect. The target is that if Bitcoin rebounds during the day but does not break above 73,000, we will still look for corrections.

The suggestion for the larger scale is not to short. After stabilizing at 70,000, Bitcoin will quickly charge upward. Just focus on the recovery of Ethereum. Once Bitcoin stabilizes at 70,000, the altcoin season will arrive, but for now, let's wait for the larger scale to stabilize before corrections.

BTC + ETH Intraday Level Analysis

- Bitcoin is relatively strong during the day, and Bitcoin's market share is starting to decrease in demand. The exchange rate of ETH and Bitcoin should increase again, and the target for the altcoin market is expected to start returning.

During the day, Bitcoin has another demand for a surge, but the target area is near the pressure at 73,000. For now, it does not constitute a complete reversal with a demand for further strength. The suggestion for trading is to wait for stability or to attempt to stabilize and focus on long positions during corrections. #美国大选后行情预测 #BinanceBlockchainWeek