【October 30 BTC/SOL/ETH Market Analysis: The Daily Chart Is Narrowing, Which Is a Great Opportunity to Short!】

Last night’s market movement was again sluggish, which was expected. The much-anticipated rate cut surge did not happen, so I’ve said many times before, don’t rely too much on news. You cannot predict the impact of news, and it’s easy to make wrong judgments. Currently, the changes in the Bollinger Bands on the daily chart indicate that the market is about to enter a narrow range. Additionally, the 3-day moving average is also looking very poor, swallowing the previous bullish candles. Once this narrow range on the daily chart completes, it will be an excellent opportunity to short!
$BTC BTC support below is at 106,200, with short-term rebound resistance at 111,400. The main focus is whether this short-term resistance can be broken again. If it breaks through, consider shorting at 113,300.
$SOL SOL has been battling around the 197 level these days. If it rises, resistance levels are at 202 and 207. Support levels on the downside are at 187 and 182. If it can rise above, that’s the best scenario, as it gives us a chance to short. SOL’s Chen Bo cannot last too long; we must seize his weakness and short to profit.
$ETH ETH’s short-term resistance today is still the 4035 level, which separates bullish and bearish sides, as mentioned yesterday. Support levels are at 3805 and 3765. If it can break through the 4035 short-term resistance and reach above 4168 and 4120, that’s an excellent opportunity for us to short.
In summary, from the Bollinger Bands, we can see that the daily chart is about to enter a narrow oscillation zone. Once this narrow range finishes, the daily chart will choose a direction again. When the direction is clear, it will be a good opportunity for us to act. Combining the indicators on the daily and 3-day charts, do you still believe there will be a sudden surge? Of course not. The best way for traders to survive is to capitulate early. (Follow the Chief Analyst for daily market analysis and precise entry points. Long and short positions are for reference only. Strict stop-loss and take-profit are essential. Liking, commenting, and following with a triple engagement are the greatest encouragement for me.)