On Thursday, October 31, the Federal Reserve's favorite inflation indicator rebounded, with the U.S. core PCE price index rising 2.7% year-on-year for September, the largest month-on-month increase in six months. Stock markets, bonds, gold, silver, and cryptocurrencies in Europe and the U.S. all fell sharply. It’s painful…

Although the intra-day low long view is low long, I didn’t expect the pullback to be so deep! Bitcoin even warned everyone today not to aggressively enter long positions. The low point from yesterday around 71,500 may need to be briefly broken, but I didn’t expect it to break so deeply. Intra-day, I provided long entries at 71,500 and 71,000. Friends who entered can hold on; once the pullback is in place, it can rise quickly. Keep the stop-loss at 69,500 here; if we hold the 70,000 mark, the bulls will have to counterattack. The stop-loss at 69,500 is to avoid a spike, which would knock out stop-losses, and that would be painful! Make sure not to be too heavy on positions!

For those who no longer have long positions, you can go long directly at the current price around 70,600. The targets are 71,500, 72,000, and 72,500, with the stop-loss unified at 69,500! There are too many chasing longs now; the bulls are too aggressive. The market makers are cleaning out the bulls!

Ethereum had a good rebound yesterday but started to drop first today, with a low already probing the 2,540 line. Intra-day, I provided long entries at 2,610 and 2,570. Those holding longs continue to bear with it; thank you for your hard work! For those who haven’t entered long or have stopped out, you can still go long again at the current price around 2,550, targeting 2,600 and 2,650, with the stop-loss at 2,500.

The above is just personal opinion; investing carries risks, and you must be cautious when entering the market!