Thursday Morning Analysis on 10.31
Yesterday, the overall performance of Bitcoin was in a high-level oscillation state. After experiencing a decline last night, it is currently oscillating and rising, with the high point last night close to 73000, and the trend is still ongoing.
Due to the rapid stretching speed, a pullback is needed to accumulate strength. The bulls still have the trend to continue pushing upwards, and the pullback is just a normal selling pressure phenomenon. The strategy remains to maintain a long view on the retracement.
Operating suggestion: Go long on Bitcoin in the range of 72000 - 71700, with a target price around 73500; go long on Ethereum in the range of 2650 - 2640, with a target price around 2720.
