$BTC Midday Analysis: Released at 13:20 on October 31

Before the stream ended yesterday, I suggested buying at 3758-3678 for the second option. For Sol, I also recommended that 184-178 are opportunities to pick up cheap chips. Following the advice yields results. Welcome to challenge Brother Rui, who has hard strength and is not afraid of any rumors. Every order is either real-time or a pending order, and the afternoon analysis and live replay can prove this. Here, I congratulate the brothers who believe in Brother Rui! Here, not only can you obtain precise entry points, but you can also learn trading principles and receive benefits from welfare courses that I write from time to time. If you like the streamer, give a follow and take a look! See if it’s worth subscribing! Thank you all for your support!

First, we see Bitcoin. The analysis from yesterday's afternoon session suggested a southward movement near 110880, resulting in a profit of over five thousand points for those who followed it. After breaking below 112000, Bitcoin's daily chart has experienced accelerated declines. For the current daily cycle's bottom, we can pay attention to the range of 103012-100844. On the upside, we should focus on the 4-hour level to see if it can drive the daily chart to touch the range of 112544-114104, which would provide us the opportunity for long-term southward positioning. Last night, there was a significant drop followed by a strong rebound, and the retracement strength was considerable. For today, it is recommended to primarily focus on low long positions. In the next 1-2 days, pay close attention to the upper range of 110984-113613 and the lower range of 107974-105486. It is highly likely that there will be little fluctuation over the weekend, primarily characterized by minor oscillations within a range. The operational suggestion is to aim for a rebound around the 108000 level in a northward direction!

Secondly, the daily line of the second contract will run for another 3-4 days. Once it breaks below the 3960 line, it will begin the "talented diving athlete" mode. This time, it will also be a gold medal. The key resistance to watch above on the daily line is the effective suppression at 3980. Next week, we will focus on when the gap at 3500 will be filled. The intraday rebound is relatively strong, and we will pay close attention to the 4-hour level above 3957-4107, while below we will watch the line at 3813-3662. As long as it stabilizes above 3880, there is a high probability of a rebound touching the 3980-4036 line. The operational suggestion is to look for a southward move around the 3860-3918 line for 60-100 points, and to layout northward around 3765. Good luck to everyone!
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