Technically speaking, the weekly chart will definitely close with a bearish candlestick, with a long lower wick. The price of the coin has been hovering around the middle band this week, and after breaking through it, it was temporarily suppressed by the middle band. The three bands of the Bollinger Bands are basically parallel, indicating that the market is still in a fluctuating trend! The KDJ indicator shows that the three lines have formed a golden cross and diverged upwards, and the MACD indicator has turned upwards from a low level. The trading volume has decreased. Looking at the weekly chart, the price is expected to rebound next week!

From the daily candlestick perspective, the Bollinger Bands are severely contracting, the midline is starting to move upward, and the coin price is currently running below the midline. The KDJ three lines are turning upward from the low position, showing very obvious signs of a turnaround.

From a comprehensive fundamental perspective, the non-farm data exceeded expectations. Although there may be some uncertainties, overall it is Favourable Information in the crypto market. With the upcoming US election, although there is an expectation of a 50 basis point interest rate drop by the US Federal Reserve in November, the possibility of a 25 basis point drop is still higher. Therefore, Conan believes that there will be another round of Rebound trend next week! Therefore, Conan suggests focusing on Long positions on pullbacks next week! The key support levels to follow are around 59200, 59800, and 61600, while the key resistance levels to follow are 63200, 64200, and 65000.

BTC next week's operation idea: Aggressive traders enter Long near the retracement of 61600, while conservative ones enter at 60000-60500 (adjust stop loss according to their own Position). The target is around 62500-63000, and hold on to see around 64000 if broken!