$FLUX can't break through the red box area no matter what, and is currently slowly recovering from the support level. The key is that it has broken through the previous resistance level! If it can maintain this, we will see it perform similarly to $OGN .
2024.11.2 Daily Market Detailed Analysis Market Review and Analysis The surge last night was followed by a pullback; the positive non-farm data acted as a catalyst. Everything is too obvious, proving that everyone still wants to break new highs, but the selling pressure above is indeed strong, and the market makers are also putting in a lot of effort. The surge is merely about liquidating short positions; the market sentiment has been declining these past few days, with more bears and a large volume of short positions held. During the surge, bulls chase the market, and then it pulls back to the starting point of the surge! (Right now, it's just a fluctuating upward trend; don't say anything about being bearish yesterday and bullish today; I follow whichever side is profitable!) Currently, the price of BTC is around 69,500, and ETH is around 2,495. Continuing to expect a fluctuating market over the weekend, with not much volatility. If you're looking to trade at this time, consider buying near support levels and placing short orders near resistance levels, aiming to capture a few points and exit quickly, while strictly setting take-profit and stop-loss levels! The pressure and support range for the last 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 2,480/2,430/2,350 Spot market: Yesterday's recommended AXL rose perfectly with the market to 0.74, with a perfect take profit. It has now returned to the entry price outside without taking profit. Those who want timely take profit and stop-loss can join Niu Niu's VIP community. Overall, the secondary spot market follows the main market; don’t make random moves, be cautious with leveraged contracts! If BTC and ETH do not break out, especially ETH, if it doesn’t break out individually, there won’t be much movement in the other altcoins!
I can only say that the manipulative trader is too disgusting. Last night was really beautiful, after blowing up a large number of short positions, they crushed the longs!
Now we are back to square one, and this manipulative trader is again watching which side has more volume, anyway, whichever side has more volume will get blown up!
Today's trading advice: buy on dips, sell on highs
Detailed explanation of the market on November 1, 2024, a new month, a new harvest. Market analysis Yesterday, Niu Niu went to the temple. His fortune has been bad recently, and he had to go to burn incense. The pressure level of BTC's new high is still very large. The breakthrough failed and it entered the callback stage. In the morning, the big cake led the downward trend, and all the spot fell like a waterfall. (It is obvious that the dealer has revealed his cards. The November delivery option will give you a 6-character contract) The current market price is around BTC70,000 and ETH2,520! Go short on the big cake, all the rises are to smash the market, short! ! ! ! The big cake is now in a trend of oscillating downward. Go short at highs and enter the market as appropriate. Intraday BTC pressure 70000/70800/71500 Support 69000/68200/67500 ETH pressure 2550/2600/2680 Support 2470/2400/2350 Spot sector Only if Bitcoin breaks through a new high, will Ethereum have hope of making up for the rise, otherwise most of the altcoins will return to zero. Don't buy garbage altcoins, don't buy those with no trading volume, don't buy full positions, keep a certain position! There are too few currencies that can have independent market conditions, and you must get out in time when you encounter a currency with a large increase! Brother Niu has called $AXL these days. It has risen by three points. I want to try a double-needle bottom test in the afternoon to see if the rebound has strength.
The reasons for this deep correction are roughly as follows:
First, the upcoming election has created uncertainty.
Then, the US stock market opened sharply lower last night, and gold is also declining.
In addition, CZ's remarks at the Dubai BN Blockchain Week over the past couple of days.
Zhao Changpeng believes that 2024 will be a year of recovery for Bitcoin, and 2025 will be the bull market.
However, there is also a positive aspect; he will continue to invest in blockchain and related fields, optimistic about the future practical value of JM currency, and believes that the regulatory trend for JM currency is positive.
Binance has launched fan token contracts, and there is a high probability that there will be a wave of speculation on the collective expectations of fan tokens going on contract! lazio, og, aipine, psg have a relatively high probability, you can take a small position and wait, as you can see, bar has already started to rise.
USD TSLA+0.9% pre-market to 261 USD. With Google Cloud growth accelerating, USD GOOG (+6% pre-market) Q3 turnover and earnings exceeded expectations, stock prices rose (SPX+0.3%, NDX+0.4%). 10-year 4.25%-0.65bp ahead of Thursday's September PCE deflator (+0.2% MoM, +0.3% MoM Core) and Friday's October employment report (+110K exp). Tonight, and MSFT reports earnings; tomorrow is and AAPL earnings. NVDA-0.3% pre-market, prior to chipmaker AMD's revenue forecast falling short of analysts' expectations, indicating its AI sales growth is slower than some anticipated. AMD-8% pre-market.
Today's Important Developments (October 30) Terra ( LUNA - LUNC - USTC ) Service Operations Takeover Deadline Binance Blockchain Week Dubai event will be held, with Binance founder CZ participating. U.S. Gross Domestic Product (GDP) will be announced at 20:30 (expected 3, previous 3) Coinbase and MicroStrategy earnings reports will be released after the close of the U.S. stock market.
According to CNN on October 29, US President Biden called Trump's supporters "garbage" in an online event on October 29. He also emphasized that Trump is a threat to Latin Americans and everyone, especially minorities in the United States. This happened when the US election entered the final sprint. On October 27, Trump held a large campaign rally in New York, which triggered more intense campaigns between the candidates of the two parties. . Biden's remarks have caused Trump supporters to support Trump more, and Biden's remarks will make the wind direction in those swing states lean towards Trump. It feels like Deng is taking revenge on Hamas and Obama.