As I updated in the last post, there may still be people laughing at me. If you go back and review, how did I predict today? Now I am even more determined, and my viewpoint has been completely validated! Today, the intraday trend has indeed followed the downward trend I expected!

Good brothers, go back and check the last two posts to verify!

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Now, BTC has indeed started a continuous decline at the hourly level on the last day of this month! It has dropped from 72643 to around 70799, a decrease of nearly 1700 points! This is already considered to be in a medium-small level trend state! Tonight, the US stock market opened and has been continuously declining, with no signs of a rebound currently, so the possibility of continuing to step down is still spreading! This spreading sentiment may continue until tomorrow, November 1, when it may finally stop declining!

Support at the hourly level below

70800 (if this position is breached, you can directly look at 68815, 67935, 67310)

Good brothers in spot trading can reduce their positions on the parts they added at these levels for short-term profit-taking!

Contract trading good brothers! Do not resist long positions tonight; the sentiment of continuing to explore downwards is far from over! Yesterday, there was so much net inflow, and it didn’t rise, indicating that the main force has already started to sell and change hands. Today, retail investors, being late to the game, will definitely continue the overall market's downward sentiment!

Good brothers! Let’s continue to wait for the line to form!

Binance trading view monthly line closing will end tomorrow morning at 8 AM, so we can boldly see two positions, 69600 and 67880, the possibility of hitting these two positions for closing exceeds 80% and 60%.

The above is Kun Chen's personal opinion, not investment advice, only for good brothers to have a rational reference in extreme situations! I wish you profit every time you open a position!

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