Market Review:
The non-farm payrolls data released at 8:30 yesterday recorded the smallest increase in four years, but the unemployment rate remained unchanged at 4.1. Driven by the data, the index once broke through the 70,000 mark, and reached the bottom of the box near 71,600, which was a two-day high in late October. The sharp rise in September and October created a large number of profit-taking orders and selling pressure above 72,000 points, which pushed the index to around 68,800 again in a short period of time!
Technical aspects:
BTC: From the overall recent trend, the box oscillation in the upper top position of 71600-73000 has obviously formed the top selling pressure, and the box support in the lower 68800-68200 range is relatively obvious, which can be used as an important reference for the later general direction selection. From the daily level, the three consecutive negative trends stepped back to the daily MA14 daily moving average without breaking, and stabilized. Combined with the two important positive events that will happen in the next week, and the market conditions in September and October have gone out of the new high market with the occurrence of events, the current market has shown the state of "buying news and selling events", and the escape of profit-taking has appeared in advance. From the current trend, before the interest rate cut on November 8, the market needs to continue to rush to the top, so as to better ship and make orders. In terms of intraday operations, you can first look at the rise and then look at the callback. Focus on the pressure of 70300-70800 above, and focus on the support of 68800-68300 below.
ETH: From the daily level, yesterday's sharp rise and fall back to close the negative line, it can be seen that each wave of Ethereum's market smashing is very strong. The important barrier below Ethereum in the short term focuses on the defense of 2400 points. In terms of intraday operations, you can sell high and buy low. Focus on the pressure of 2540-2560 on the top and the support of 2480-2460 on the bottom.
Altcoins: There is not much time left for Altcoins. Bitcoin has entered the tail end of the market and there is a high probability that the market will change. Most Altcoins are still in a state of bottom fluctuations. Those who hold Altcoins can continue to hold their coins and wait for a rise, but they must find the defense line below to break through!
TIA: The technical side has been in a volatile downward trend. For a comprehensive analysis of this coin, you can pay attention to the article on October 26th on the official account (Fei Ge Yan Bi);
SUI: The daily trend has been rising and falling for three consecutive days. If it falls below 1.9 again, it may reach 1.6 to 1.4. For a comprehensive analysis of this coin, you can pay attention to the article on October 28th on the official account;
The cryptocurrency market is highly volatile, so be cautious when entering the market. This is my personal opinion, not a recommendation, just for sharing
