Good ☀ morning hardcore fan check-in 👍 Like you can get rich

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Overnight, the three major U.S. stock indexes all fell, with the Dow falling 0.9%, the Nasdaq falling 2.76%, and the S&P 500 falling 1.86%. Large-cap tech stocks all fell, with Microsoft falling over 6%, Meta falling over 4%, Amazon and TSL falling over 3%, and Apple and Google falling nearly 2%. Chip stocks fell across the board, with Arm falling over 8%, Nvidia and Micron Technology falling over 4%, and TSMC and Qualcomm falling over 2%. The crypto market fell across the board, with BTC briefly falling below $70,000, testing the support level of around $69,660, and Ethereum falling straight from its high of $2,721, testing the support level of around $2,500. Some alternative coins even showed signs of trend reversal. Currently, it is tentatively judged as a correction on the daily chart, starting from the first swing trading rise on the daily chart last weekend.
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Today marks the beginning of a new month, and there is a high possibility of a turning point at the beginning of the month, with monthly closing market trends. The US stock market, gold, and BTC have all experienced significant price drops. This is not surprising considering that Nasdaq and gold both hit historical highs yesterday, and BTC is only 200 points away from its All-time high. Whether it's the pressure of profit-taking on long positions, emotions reaching a peak, or to avoid tonight's non-farm payroll data, adjustments are being made. My initial plan was for BTC to reach a new high and then experience a major plummet. After all, it has undergone six months of consolidation and correction since the drop in March and must break through under the news of Interest Rate drop and the election. Tonight is the non-farm employment report, and November 5th is the US election. I still see a rise in long positions, with a high possibility of reaching new highs. Even if it doesn't reach new highs, it should bounce back to test 72,000-73,500!
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Yesterday, BTC had limited continuity in longs and shorts during trading hours. In the evening, shorts suddenly exerted force due to news, and the price fell to around 69660, breaking through multiple supports during the after-hours plummet. The short-term trend of BTC is judged as a pullback from the daily candlestick level rise starting from the 26th, with an adjustment target of 69600-68700. From the structure of BTC, the current trend has not reversed, but the downward fall that started yesterday morning seems to be unfinished. Today, it is recommended to follow the reversal point near 72000 and continue to oscillate and rebound near the reversal point. If there is a pullback near the reversal point, it may be a good opportunity to go long. Due to the important pressure from the upper Bollinger Band in the current cycle, if the rebound is not strong and fails to break through 71200, the market will continue to fall and shift. The one-month rising trend is about to end. Although the long-term trend is still intact and there are pullbacks, it is recommended to wait for the market to stabilize after a rapid fall and not to chase rising prices. It is recommended to observe the market in the morning.
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On October 31st, the Candlestick Chart of ETH showed a relatively long Upper Shadow, indicating significant selling pressure from above and a clear downward pullback. It broke through two important support levels of 2600 and 2550, reaching a crucial Node above 2500. It can be said that the market reversed within a few days this week, directly breaking the trend support of 2550 and entering a bearish trend. After a one-day increase in volume, the MACD also began to decline. The DIF and DEA just formed a golden cross, but quickly turned into a death cross. As long as the Closing Price does not fall below 2550,