Saturday, November 2!

✅️ Market Review and Analysis

The surge last night was followed by a pullback, everything is too obvious, the market manipulation is too tight!

The surge was merely to force short positions to close; the market sentiment has been declining recently, with more bears and a large number of short positions held. During the surge, bulls chased the price higher, only to see it pull back near the starting point of the surge!

Currently, the price of BTC is around 69,700, and ETH is around 2,500.

We will continue to observe a fluctuating market over the weekend, with not much volatility.

At this time, trading should focus on buying at support levels and selling at resistance levels, taking one or two points and exiting, while strictly implementing take-profit and stop-loss orders!

The pressure and support ranges for the past two days:

BTC resistance 70,000/70,800/71,500

support 69,400/68,800/68,000

ETH resistance 2,570/2,650/2,700

support 2,500/2,430/2,350

✅️ Spot Market

Overall, the secondary spot market follows the main market, do not operate recklessly, and be cautious with leveraged contracts!

Without the big players moving, there won't be much market activity!

For altcoins, those that have surged significantly should be exited in a timely manner as the capital flow is too weak!