10.31 Morning Market | fully priced-in good news, Unfavourable Information BTC formed a doji bearish candlestick in the morning, with a four-day consecutive decline on the daily chart. The highs and lows are moving down together, creating lower lows, confirming the trend of "favourable information before October rate cuts leading to a rise, followed by unfavourable information after the news lands." BTC is currently within a bullish descending wedge channel: Long on the right side: wait for the K-line to break through and stabilize at 10.96, with a stop at 10.86 and a target of 11.06–11.18 If it is a false breakout: If it breaks out and then falls back into the channel, then short in line with the trend, with a stop loss at 11.06 and a target of 10.83–10.75. #参与创作者认证计划月领$10,000 #GatePay国家码功能上线 #美联储如期降息25基点

10.31 Strategy Analysis From the analysis of the market structure, the trading volume, MACD indicator, and moving average system have not released any trend reversal signals, and the rebound momentum is obviously lacking. Although the short-term rebound is accompanied by a small amount of volume release, the overall trading scale is still lower than the volume level during the previous downtrend phase, highlighting that the capital inflow is mainly focused on short-term speculation, lacking persistent buying support. Overall, the current market sentiment remains cautious and bearish. Although there have been price rebounds, the pattern dominated by bears has not changed. If the subsequent rebound fails to effectively break through the resistance of the mid-term moving average above, the market is likely to continue its oscillating downward structure. The pancake is hovering around 110000-110500, with a supplement at 111000, looking down at 109000-108000. Concubine operation suggestions Around 3880-3910, the target looks down to around 3810-3710.

There is no need to express anything with words; the results will speak for themselves! I was just 500 points away from the highest point, it seems I still need to take more breaks. The big pie gained 4000 points, cashing out 34033U, Ethereum 150 points, cashing out 14976U. #参与创作者认证计划月领$10,000 #GatePay国家码功能上线 #美联储如期降息25基点