Yesterday's bullish sentiment led to buying on dips, with the monthly chart consolidating at high levels. The price stopped falling and rebounded cautiously. The idea for November 1st on BTC

The Federal Reserve is expected to start expanding its balance sheet again early next year, which will help ease investor concerns about the huge borrowing needs of this world's most important economy. Federal Reserve officials officially ended the three-year quantitative tightening plan on Thursday. Chairman Powell admitted that the central bank might soon become the main buyer of US Treasuries again. Yesterday's bullish outlook was in line with expectations—those who followed could profit! Those who caught the move can move their stop-loss to lock in gains!

The four consecutive daily chart declines were ended this morning. Although funds in the Spot ETF market have continued to flow out this week, BTC fell below 107,000, and ETH dropped below 3,700 before quickly rebounding. Currently, BTC is above 110,000, and ETH is consolidating around 3,850. Technical signs indicate a potential bottom, so for intraday trading, Conan suggests pulling back to go long!

November 1st Long Position Ideas:

BTC retracing to 108,200-108,700 can continue to go long. Conservative traders can enter at 107,200-107,700, with a stop around 106,500. Targets are around 109,500-110,000-111,500. If broken, look for 112,000-113,000-113,500, and move stop-loss accordingly to lock in profits!

ETH retracing to 3,770-3,810 can continue to go long. Conservative traders can enter at 3,700-3,740, with a stop around 3,670. Targets are around 3,850-3,880-3,900. If broken, look for 3,930-3,960, and move stop-loss accordingly to lock in profits!

November 1st Short Position Ideas:

Attempt to short BTC at 1,112,500-1,130,000, with a stop around 1,136,000. Targets are around 1,115,000-1,110,000-1,105,000. If broken, look for below 110,000 and 109,500.

Attempt to short ETH on a rebound at 3,970-4,000, with a stop around 4,035. Targets are around 3,920-3,900. If broken, look for 3,870-3,850.

Recently, funds in the crypto space have been very weak, with Spot ETF funds continuing to flow out this week. The capital exit may be related to the Federal Reserve ending its quantitative tightening policy. Plus, US stocks and precious metals have performed very well, clearly attracting accumulation. However, prices have fallen significantly from highs, so there might be large funds coming in to pump the market. So, everyone should be cautious about selling on dips! #参与创作者认证计划月领$10,000