10.31 Bitcoin and Ethereum Market Analysis: BTC, ETH Today's Highlights

Market Review

Yesterday, BTC experienced slight consolidation, pulling back to 71500. Currently, the upward momentum on the 4-hour level is decreasing, and there is still a need for a pullback. However, there is still hope for another attempt to challenge the previous high. Pay attention to the breakthrough at 73500. The daily level remains healthy, and the weekly golden cross has taken shape. Maintain holdings and stay confident, continuing to be bullish. The second coin experienced slight gains yesterday, briefly breaking through 2700. Patience is required for BTC to stabilize, after which ETH will follow up with a rebound. Maintain existing holdings and continue to be bullish, with the target range remaining unchanged at 2800-3000. Altcoins are rising in sync with the mainstream. Hold SATS patiently, and consider liquidating around 50. For PEOPLE, medium-term holders can continue to wait, while FTM should be maintained.

Today's Highlights

BTC: The 1-hour and 4-hour levels have entered the overbought range, with the daily level above the healthy range. There is potential to challenge the previous high during intraday corrections. For those with holdings, maintain your position. The expectations for the larger cycle have not weakened. Intraday support is at 71000-71500, and resistance is at 73500-74000.

ETH: The 1-hour and 4-hour levels are above the healthy range, while the daily level has returned to a healthy level. Intraday consolidation is expected, waiting to see BTC's breakthrough situation. For those with holdings, maintain your position. Intraday resistance is at 2700-2750, with support at 2570-2600.