Hot Topics on October 31;
1. Latest news: MicroStrategy plans to raise $42 billion to buy more #Bitcoin
2. The Ethereum Foundation sold another 100 ETH in exchange for 270,800 DAI
3. Canary Capital filed an ETF application for Solana, following in the footsteps of VanEck
4. Cryptocurrency exchange Kraken lays off employees to “streamline and speed up”
5. FTX’s Nishad Singh was not sentenced to jail for the crypto exchange debacle
The secret of high efficiency is to have little internal friction. Don't dwell on whether a word is said well, an action is in place, or a thing is done perfectly. Not paying too much attention to details is a manifestation of open-mindedness and self-confidence. Because you firmly believe that a word, an action, or a thing cannot affect your life. Even if you really make a mistake, it doesn't matter. Tomorrow's sun will rise as usual, and you will still be happy in the future. If you look at the long-term and work hard, you will not be entangled in the present.
analyze
The daily price of Bitcoin plunged downward to 71450 yesterday and closed at 72350. The upper pressure is near 73000 points. You can go short if it rebounds to that point. The lower support is near MA7 moving average. You can go long if it falls back to that point. MACD bullish increase. The four-hour oscillation is flat. There are multiple tests above near 72900 to form pressure. You can go short if it rebounds to that point. The bottom support is near MA30. You can go long if it falls back to that point. MACD bullish shrinkage forms a death cross. You can go long if it reaches 71100-70300 in the short term. The rebound target can be seen near 72000. You can go short if it rebounds to 72900. The target can be seen near 71700-71000
ETH
analyze
Ethereum closed out of the heaven and earth needle yesterday. The highest point was inserted upward to around 2725, the lowest point was inserted downward to around 2600, and the closing line was around 2660. The lower support is around MA14. If it falls below, it can be seen near the MA7 moving average. You can buy more near the pullback. The upper pressure is around MA120. You can buy shorts if it rebounds to the vicinity. MACD bullish increment forms a golden cross. There are multiple tests above 2690 in four hours to form pressure. You can buy shorts if it rebounds to the vicinity. The lower support is around 0.382. If it falls below, it can be seen near MA120. MACD bullish shrinkage shows signs of forming a dead cross. In the short term, you can buy more near 2608-2578. The rebound target can be seen near 2635-2665. You can buy shorts if it rebounds to 2693. The target can be seen near 2630-2575.