Morning Strategy:

Last night it was suggested that there would be a pullback, and it directly broke below the support level. But that’s fine, we’ve made a lot.

The news front is relatively calm.

Today is the first day of November and also a new beginning.

The daily K-line trend of Bitcoin has formed a death cross, and the MACD has also turned downwards. If there is no strong upward movement in the next two days, it will completely correct downwards. Last night, Bitcoin pulled back to around 69,700, and if it breaks below this position today, it indicates further decline.

The four-hour trend shows a tendency for KDJ to turn upwards, but the MACD has not yet shown signs of turning.

Today we will focus on the one-hour trend.

Ethereum's trend is similar to Bitcoin's.

For Bitcoin, the upper target is 72,500 and the lower target is 69,700.

For Ethereum, the upper target is 2,600 and the lower target is 2,450.