[Market Analysis on October 31, 2023]

[Opinion]: BTC is currently consolidating at a high level. It can go high and go low, and stop losses if the position is broken! The long and short forces in the consolidation area are relatively balanced. Neither the long nor the short side has shown strong strength.

ETH is still in the downward channel and is weak relative to Bitcoin! The first choice for short selling is eth!

【Operation method】:

BTC: 34800-35200 short, stop loss 35500

Conservative long orders are more than 32900-32500

ETH: short near 1850, stop loss 1880

[Daily level]: Although the daily line is still bullish, the trend has not yet reversed. The diagnosis is at a high level. There is no decent retracement after the strong rise. The box is dominated by high altitude and low bulls! The box is as shown below👇

[Hourly level]: I still feel that there is a need for a correction, so I can go short against the resistance level. There are many opportunities in altcoins!

[Summary]: The trend of the large cycle has not changed and is still bullish, but the rebound of the small cycle is weak, indicating that the main force is unwilling to continue buying at this price. You can pay attention to the position near 32900-32500. If there is support or buying, you can continue to open long. If If not, it will rebound high!

(Note: The purpose of posting this article is to exchange valuable opinions and views with everyone, accept all guidance, just to make more like-minded friends, welcome the valuable opinions and views left by Lao Tie)