Good morning ☀ hardcore fan check-in 👍 like and make a fortune 🍗🍗🌹🌹

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Overnight, the three major US stock indexes all fell. The Dow Jones fell 0.9%, the Nasdaq fell 2.76%, and the S&P 500 fell 1.86%. Large-cap tech stocks all declined, with Microsoft falling over 6%, Meta falling over 4%, Amazon and Tesla falling over 3%, and Apple and Google falling nearly 2%. Chip stocks also fell across the board, with Arm falling over 8%, Nvidia and Micron Technology falling over 4%, and TSMC and Qualcomm falling over 2%. The crypto market also fell across the board, with BTC briefly falling below $70,000, testing a low of around $69,660, and ETH falling sharply from its high of $2,721, testing a low of around $2,500. There are even signs of some altcoins reversing trends. Currently, it is temporarily judged as a pullback on the daily candlestick, starting with the first rise of swing trading on the daily candlestick last weekend!
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Today marks the beginning of a new month, and there is a high probability of a turning point at the beginning of the month, with weekly closing prices for US stocks, gold, and Bitcoin experiencing a sharp decline. It's not surprising given that the Nasdaq and gold both hit historical highs yesterday, and Bitcoin was just 200 points away from its all-time high. Whether it's profit-taking from long positions, emotional factors coming into play, or preparing for tonight's non-farm payroll data, adjustments are happening. I was planning for Bitcoin to hit a new high and then plummet, especially after half a year of oscillating declines from March before making a comeback. It still needs to break through with the news of interest rate cuts and the US election on November 5th. Tonight's non-farm payroll and the US election on November 5th, I still see a high chance for long positions to rise. Even if it doesn't hit a new high, it should test the rebound at 72000-73500!
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Bitcoin trading hours yesterday, the bulls and bears did not continue much back and forth. In the evening, influenced by news, the short positions suddenly exerted force, and the price dropped to near 69660, breaking through multiple supports in after-hours yesterday. The current short-term trend of Bitcoin is judged as a pullback of the rise in the daily candlestick level that started on the 26th. The adjustment target is 69600-68700. Judging from the structure of Bitcoin, the trend has not reversed yet. It just seems that the downward trend that started yesterday morning has not completed. Today, you can follow a reversal point around 72000. Today, there will be continued oscillation rebound near the reversal point. You can continue to go long after a pullback near the reversal point. Due to significant pressure from the upper Bollinger Band on the cycle, if the rebound is weak and cannot break through 71200, the market will continue to decline and turn around. If the rise that has lasted for a month will end. Although the trend of long positions persists and pullbacks occur, it is recommended to wait for a stop after a rapid decline before considering. Do not chase rising prices with a bearish market. It is advisable to observe the market in the morning.
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Ether Square Candlestick on October 31st showed a long upper shadow line, indicating heavy selling pressure above, clearly pulling back downwards, consecutively breaking through the two major support levels of 2600 and 2550, reaching the crucial Node above 2500. It can be said that the market this week has reversed the trend after a few days, falling directly from EMA90 through the trend support at 2550 to enter a bearish trend. The MACD also started decreasing volume after a day of heavy volume, with the DIF and DEA just forming a golden cross before pulling back to form a death cross. As long as the closing price does not break below 2550, the death cross will form. The Bollinger Bands are contracting in both directions, with the Candlestick directly falling below the midline at 2580, and the lower support reference at 2420!