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Today is Friday, October 31, 2025. Bitcoin is trying to stabilize after a series of losses, but overall market sentiment remains cautious.  Analysis of the reasons for the decline This price correction is the result of a combination of factors: Macro pressure: The Federal Reserve's "hawkish interest rate cut": Although the Federal Reserve announced a 25 basis point interest rate cut on October 30, Chairman Powell's subsequent statement that "an interest rate cut in December is not a certainty" was interpreted by the market as a hawkish signal. This has led to a strengthening of the U.S. dollar, putting pressure on risk assets led by Bitcoin. Fund outflows: Institutional interest weakens: Data shows that the U.S. Bitcoin spot ETF has experienced significant net outflows. This suggests that institutional investor confidence has weakened amid increased macro uncertainty. Internal selling pressure: Long-term holders taking profits: On-chain data shows that long-term holders of Bitcoin (especially investors who have held it for 6-12 months) are continuing to sell Bitcoin to cash in profits. This has brought continued selling pressure to the market. Derivatives Liquidation: High Leverage Cleared: Price declines triggered the liquidation of a large number of highly leveraged long positions. In the past 24 hours, the amount of liquidated positions across the entire network exceeded 1 billion US dollars, of which long positions accounted for the vast majority, which intensified the downward momentum of the market. For subsequent market trends, you can pay attention to the following points: Short-term trend: The market will pay close attention to the U.S. employment and unemployment data released next Friday. This data will become a new clue to predict the direction of the Federal Reserve policy. In addition, the expiration of $17 billion worth of Bitcoin and Ethereum options on October 31 may also bring severe price fluctuations in the short term. Long-term perspective: Although facing short-term headwinds, some analysts believe that the Fed's medium- and long-term easing pattern has not fundamentally changed. Once future interest rate cut cycles are confirmed, improved liquidity may still drive risk assets such as Bitcoin higher. Day trading reference We can see from the daily line that the market and ETH are still in a short-dominated trend overall. The short-term pressure of the market is around 110,000 and 111,500, and the lower support is still 106,000. In terms of operation, we entered a short order when the price rebounded near 110,000 in the afternoon. We are currently making a small profit. Our target is 108,000 and the 107,000--106,000 range, and we will choose the opportunity to exit. Given below, it is better to place a long order in this range.  In the last article, ETH talked to everyone about the 3700--3650 range, which has very strong support. If you place long orders in this range, friends who enter should gain something. At present, we will short ETH at the same time as the big pie. We will place a short order near 3850, with a small stop loss of 50 points, and the target is 3700. Operation records are also posted every day in the circle of friends. Friends who want to keep up can send private messages in time. If we have the opportunity every day, we will make a few short-term orders and make a lot of profits.  |
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