11.01 Bitcoin's pullback price is nearing completion; we will observe whether it continues to decline tonight. If it does not drop, the market is expected to recover.

This round will see the big election on November 5, which will bring significant volatility. All leveraged users should pay attention to safety.

The current hourly pullback for Bitcoin is nearing completion, with the third largest position around 68500-68700. If this position is broken, the logic of the current round of gains will begin to weaken, continuing to explore around 65. However, it is likely that this position should hold.

If it breaks down now, the bottom support will come to 67300 and the previous low around 650000. Pay attention to the support near the price and whether the non-farm payroll tonight will provide an opportunity.

BTC Daily - 4-hour Level Market Analysis

The pullback position this time is slightly different from expectations, having slightly more arrived at the key support position. For now, the market at the 4-hour and daily levels has reached a critical position. If the position near 68800 is broken, then this round will once again test the bottom support around 66000. During the day, there is still a trend of large-scale gains, experiencing a small-level pullback. For now, we will wait to see if it breaks the previous low tonight, and then wait for event-driven market stimulation.

BTC Intraday Level Analysis

• The intraday market for Bitcoin is still primarily in a downtrend, with the bottom support around 68800. For intraday long positions, this position serves as defense. If the target does not break, a rebound can be anticipated. For now, the main focus is still on testing the bottom once more, with the extreme bottom position being the support around 66000. At this position, observe more and act less, gradually building positions.

• Ethereum is relatively weaker compared to Bitcoin, but this position can be an opportunity to speculate on Ethereum's strength after a rebound. Pay attention to Ethereum's previous low support. Ethereum's low points are stable compared to Bitcoin, making it possible to speculate on long positions.

The spot market has endured the toughest times; now is the season for harvest or re-cultivation. I hope everyone takes good care of themselves and does not waste the two years of hard work.