Morning thoughts on October 27th:

The week has come to Friday in a blink of an eye. How are you doing this week?

Bitcoin's small negative star ended yesterday, and did not continue its seven-day positive streak. After the market fell back under pressure yesterday, it continued to decline all the way down, which was completely consistent with the target point we gave. It fell below the integer mark of 34,000 in the evening. It went all the way down to the 33750 area, and then failed to continue the downward trend and was taken back above 34000. After yesterday's decline within the day, the U.S. market is also prone to a vertical decline. However, in terms of the rhythm of the daily line, there is insufficient continuity after the sharp decline, and it still looks like a volatile pattern at present.

From a technical structure point of view, at the 4-hour level, the Bollinger Bands still show an upward trend, but the opening is gradually narrowing. The currency price is currently running on the upper track of the Bollinger Bands. The overall trend is still in an upward channel. From the MACD, the short volume energy column is still at During the heavy volume, the three lines of the KDJ indicator gradually moved from the dead cross shape to parallel. In this volatile market, the pressure support below gradually stabilized. In this downward trend, we need to pay close attention to the important support level of yesterday's high of 34800. For now, , fluctuating within a small range, there is still some room for release below, and the market trend is also undergoing a strong correction. After the correction is completed, the currency price will probably drop again and break through new lows. Therefore, today's thinking is still mainly high and low. Mostly supplementary.

Friday Monroe operation suggestions:

BTC: Enter empty position near 34500-34300, target 33900-33600, defend 34800

ETH: Enter the market empty-handed near 1815-1805, target 1780-1790, defend 1835

(Responsible statement: The above opinions are for reference only! I hope Monroe's Silk Road can give you some help. Everything is subject to Shipan. Investment is risky, so be cautious when entering the market). #pol #sbf #linea #BTC #ETH $BTC $ETH $BNB