Analyst Chen Shu: On October 30, the weak fluctuations continue, and it is recommended to continue shorting on rebounds.

From the daily chart of Bitcoin, after failing to break through the MA30 moving average during the previous high, it has been declining continuously. Currently, with three consecutive bearish candles, the price has fallen below the MA10 moving average. The overall trend is expected to test the support at the MA256 moving average around 10.4 again. The weekly support looks at the MA30 moving average around 10.88. The daily pullback line should focus on the situation of losing this line. At the hourly level, it has currently fallen below the MA256 moving average, so pay attention to whether the subsequent rebound can break through the MA5/10 moving averages at the hourly level and stabilize above the MA256 moving average at 11.12.

From the daily chart of Ethereum, it also shows three consecutive bearish candles. Yesterday, the price completely fell below the MA120 moving average, which is $4000. Currently, with the daily chart losing the $4000 round number, the overall trend has weakened. The resistance level for rebounds should focus on $4000. Before stabilizing above this line, it should be treated as bearish. At the hourly level, it is continuously pressured downwards by the MA5/10 moving averages, so the operation suggestion is to short on rebounds.

Afternoon operation strategy (written at 14:40):

BTC: Short at 11.1, add to short at 11.18 on rebound, target 10.9/10.8; consider long positions at 10.65/10.5.

ETH: Short at 3950, add to short at 4030 on rebound, target 3850/3750; consider long positions at 3700/3650.

The daily analysis strategy has a very high win rate! Analysis is not easy, and I hope everyone can give a free follow, bookmark, like, and comment. Thank you all, and feel free to leave comments below for discussion; I will reply to each one. Analyst Chen Shu: On October 30, the weak fluctuations continue, and it is recommended to continue shorting on rebounds.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。