🍊Midday Market Commentary, October 30th.🍊 BTC Commentary: Bitcoin broke through 110916 with volume and closed above 110916 on the hourly chart. Buy on dips, stop loss if stopped out. If Bitcoin broke below 110474 with volume and failed to recover on a pullback, sell on dips, stop loss if stopped out. Observe volume changes and use stop loss accordingly. If a false break occurs at 109677, buy one lot. Stop loss at the low of the false break or if it breaks below 108635. Do not buy if it doesn't recover. 🍊 If Bitcoin breaks and holds above 111208 on the hourly chart, target 111991-113229. Failure to hold above 111208 will limit further upward movement. For shorting Bitcoin, watch for a false breakout (2-wave) at 113256. Sell one lot. Stop loss if it breaks and holds above 114396. For conservative traders: Buy at 107431, stop loss if it falls below 106576. The interest rate cut news has turned into a bearish factor, the triangle pattern has been broken, and in a downtrend, support levels are meaningless. Furthermore, the bullish trend circled in red has been completely destroyed. If Bitcoin can consolidate above 109707, the decline will not continue; a break below 109707 will lead to a further retracement to the 107389 support level. What we are seeing now is a natural rebound after the decline. There will be two more tests of 109707; if it fails to hold, it will fall further. Only if this rebound breaks through the 111186 neckline can it be considered a bottom, and only a firm hold above 113578 can we consider a trend reversal. The original bullish trend has now turned into a bearish trend. 🍊 Resistance levels: 111208-111991-113229 Support levels: 109707-107389-106325 On the 4-hour chart, a break below 109200 targets 107385-105965. 🍊🍊🍊🍊🍊🍊🍊🍊🍊 $ETH Strategy: Buy BTC if it breaks above 3944 with volume, with a stop-loss order. Sell BTC if it breaks below 3919 with volume, with a stop-loss order. Buy BTC if it retraces to 3869 and confirms support, with a stop-loss order below 3830. If BTC holds above 3959 on the hourly chart, target 4018-4066. If it fails to break above 3959, there's no need to look further up. For Bitcoin (BTC), watch for a short position at 4018, with a stop-loss at 4052. Left-side buy order: 3762, stop-loss at 3726. 🍊 Resistance levels: 3959-4018-4066 Support levels: 3883-3837-3806 On the 4-hour chart, a break below 3918 targets 3869-3816. BTC has fallen quite sharply. If a rebound fails to bring it back within the trading range, a break below the 3861 support level and further declines are the only option for BTC. Meeting adjourned. $BTC #CryptoMarket Correction {future}(BTCUSDT) {future}(ETHUSDT)