Morning of October 30:
If you cannot control yourself, disaster will eventually befall you.
The overall structure of the Bitcoin daily chart is still relatively strong, with consecutive bullish candles. Moreover, the continuation is quite strong, and the short term is also testing the previous strong resistance area without success, resulting in a pullback. Therefore, the previous high still has certain pressure, with insufficient upward momentum. In the short term, a retracement is needed to build strength to break higher, so it is not advisable to chase the rally too aggressively for now. The upward trend on the 4-hour chart is evident, but there is also a stagnation performance in the short term, making it difficult to break through the previous pressure. In the short term, we should look for a retracement!
Trading Suggestions:
Bitcoin: 73500-73000-sell, look for 71500-71000, with a stop at 73700.
Ethereum: 2670-2650-sell, look for 2550-2500, with a stop at 2700.
(The market is ever-changing, for reference only!)
