The intraday market is indeed stagnant

Morning Thoughts on October 30
If the daily candlestick directly breaks below EMA30, we need to consider the support at EMA10-EMA15 and the middle track below, so the stop loss must also be placed below this position. The market indeed experienced a sharp drop and then a quick rebound. However, last night's unemployment claims did not cause significant fluctuations, and the strong pressure from daily EMA60-EMA80 still exists. The market is once again moving downward, currently below EMA30, it seems we still have to slowly grind within the daily channel; continue to pay attention to the situation of the middle track breaking position to choose between long and short positions, and continue to consider the pressure from the EMA80-EMA60 range at the top!
For the short-term level, continue to consider entering on a pullback at 1-hour and 4-hour levels, especially since the upper line of this 4-hour chart is narrowing downwards, and the lower line is also rising, coupled with the weekend market possibly further contracting. Look for support in the EMA30 and EMA60 range below, and consider the range from EMA250 to the upper line above; however, the current 4-hour chart is still within an upward oscillation channel, so it is best to mainly support the long positions based on the bottom trend line on pullbacks, as it wouldn't be too unreasonable if the lower position breaks down and misses the opportunity!
Bitcoin: 71900-72400 long. Target 73000-73500
Ethereum: 2570-2610. Target 2650-2690
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