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Countdown to October 2024, 3 days to go, so the upcoming encryption market in November will be impacted by a dense set of uncertainties. Firstly, the US non-farm payroll data will be released on November 1st, followed by the presidential election on the 5th, and a series of subsequent economic and financial data releases. Some analysts believe that if Trump wins the election, there will be a big pump in the encryption market, with BTC breaking through historical highs and reaching new peaks. If Harris wins, the encryption market will experience a huge shake, with BTC breaking $68,000 intraday. Tokens on the SOLana ecosystem such as sol, jto, jup, and ray continue to show strong trends, with sol approaching the ideal threshold of $200 at $178.4. In fact, the recent trend of BTC shows that no matter how much it shakes, the bottom is constantly rising. The trend of AltCoins seems a bit difficult to grasp, with frequent unlocks and irregular delistings, so it is important to pay attention to changes in the news.


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In the past week, BTC surged to the 69553 level and then experienced a sharp pullback, with the lowest retracement reaching the 65240 level before stabilizing and fluctuating repeatedly within a wide range of 4000 points. The short-term operation difficulty has also increased. On the technical structure, the daily Candlestick formed a small bullish candlestick at the end, standing firm above the midline, and the w-shaped pattern at the daily candlestick level entered the Rebound phase, signaling a bullish trend. The 4-hour Candlestick climbed the stairs along the midline, forming a wide-ranging tug-of-war state in the operating channel. After the price surged, it did not continue to decline after the pullback, but instead entered a trend of repair and recovery. The volume still lined up in a long positions pattern, and the moving average trend appeared tense, but it did not trigger a decline in price. In the short term, the consolidation turned into a recovery, and it will take time to further lay the groundwork for the surge. Our next strategy will focus on long positions at the low end for pullback, with shorting at key resistance levels as a supplement.



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Ethereum started a new increment after two days of consolidation over the weekend. The lowest point of Ethereum yesterday touched the support level at 2464, experiencing a rebound, and the highest point rose to the resistance level at 2527, facing a pullback. The daily candlestick formed a small bullish candle, and the daily chart showed consecutive shrinkage. Yesterday, with the exploration of the bottom and rebound, the daily candlestick had a small body, still maintaining a range-bound consolidation. On the 4-hour chart, the Bollinger bands began to converge, with short-term resistance at 2620, and there is an expectation of filling the gap if it breaks upwards. At the moment, it is temporarily unable to break out of the strong-weak one-sided trend, and if the structure cannot show much strength, it will fall into the rhythm of back and forth whipsaw oscillation.