BTC and ETH outlook for Friday, October 31.

Good afternoon, on the last day of October, will the market warm up and start a new rebound cycle?
Last night's price level kept retracing until it tested the strong support near 106, after which it started to recover and rebound. As mentioned last night, the 106-107 range could be attempted for a rebound. Those who did so had profit potential. Based on today's performance, the rebound strength is not considered weak. From the daily and weekly charts, the short-term 1062 can form a bottom support, and it is unlikely to break this level in the next couple of days. However, to restore the rebound trend and enter a new cycle, it still needs to break through 1118 and retest with a close above 1110; otherwise, the rebound won't strengthen. Tomorrow is the end of the month, and I believe there won't be too much unilateral movement in the next few days. It will likely oscillate within a range to adjust the market indicators. Since the price has rebounded, we should pay attention to the 1105-1115 range during the day and attempt to place orders there first. If it breaks through 1118, then exit on the retest. The retest target support is 1076-1070. Those looking to try a short position should keep an eye on this area. The focus remains on high shorts and low longs.
ETH mentioned yesterday that strong support is around 3700-3650. Here, one can watch for a rebound. After dropping to around 3677 last night, it rebounded. For the rebound to recover, it still needs to break through the pressure at 3950. Only by breaking through this level can the market potentially continue to rise and test 4040-4100. Today, pay attention to the rebound pressure around 3900-3930 for a first attempt at shorting. After breaking 3950, consider exiting on a pullback, with support below at 3768-3700. If trying for a short position, keep an eye around this area. Focus on short positions, with long positions as a supplement. #比特币行情分析