October 31 Bitcoin Ethereum Market Analysis: BTC, ETH Today's Highlights

Market Review

Yesterday BTC had a slight consolidation, retracing to 71500. Currently, the upward momentum on the 4-hour level is declining, and there is still a need for a pullback. However, there is still hope for a challenge to the previous high in the short term. Pay attention to the breakthrough situation at 73500. The daily level remains healthy, and the weekly level golden cross has formed. Maintain holdings, stay confident, and continue to be bullish. Ethereum had a slight increase yesterday, briefly breaking through 2700. Patience is needed to wait for BTC to stabilize, after which ETH will follow up with a rebound. Maintain holdings for the accumulated positions and continue to be bullish. The target range remains unchanged at 2800-3000. Altcoins are rising in sync with the mainstream. SATS should be held patiently, considering clearing around 50. PEOPLE can continue to hold for the medium term. FTM should be held.

Today's Highlights

BTC: The 1-hour and 4-hour levels have entered the overbought range, and the daily level is above the healthy level. There is a likelihood of challenging previous highs within the day followed by a correction. For those with accumulated positions, maintain them. The long-term expectations have not weakened. The intraday support is 71000-71500, while the resistance above is 73500-74000.

ETH: The 1-hour and 4-hour levels are above the healthy level, while the daily level has returned to a healthy level. Intraday expectations are for consolidation, waiting to see BTC's breakthrough situation. For those with accumulated positions, maintain them. The intraday resistance is 2700-2750, with intraday support at 2570-2600.