To Li: BTC/ETH operations and analysis on the evening of October 30

The Federal Reserve cut interest rates by 25 basis points as expected: there were intense disagreements among Federal Reserve officials, and Mr. Powell's uncertainty regarding a rate cut in December triggered fluctuations in the cryptocurrency market. Bitcoin fell sharply from yesterday's high of 116074 to around 107817 today, then rebounded to the current level of about 110700. Ethereum closely followed Bitcoin's downward trend, dropping from yesterday's high of 4174 to an intraday low of 3836, and is currently hovering around 3920. Both were affected by the Federal Reserve's stance on the cryptocurrency market during the day, showing a one-sided downward trend.
Looking at the current situation: Bitcoin and Ethereum show a bullish continuation signal with "two ups and one down" in the 4-hour candlestick chart. After a brief pause, there is a strong possibility that the market will regain confidence and continue to move upward. The KDJ indicator has risen from the oversold zone below 20 in the morning to the current range of 20-50, indicating that the market's momentum is shifting from weak to strong in the short term, while bearish forces are weakening. The market still has the capacity to organize a counterattack. If Ethereum can break above the resistance level at 113,000 tonight and maintain stability at that level, the market will return to the bulls' control. Similarly, we must consider the support level at 108,000. If Ethereum drops below this level, the overall market sentiment will continue to be overshadowed by pessimism. Regardless of how the market performs tonight, we should adjust our mindset, deal with the unpredictable market changes rationally, and take timely losses to secure profits, which is what we all want to see.
Bitcoin 109500-110000 can be tracked, pay attention to 112000
Erbing 3830-3860 can be concerned 3990

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