Track real-time trends in the crypto world and seize the best trading opportunities. Today is Friday, October 31, 2025. I am Wang Yibo! Good morning, crypto friends ☀ daily attendance 👍 Like and make big money 🍗🍗🌹🌹,

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The three major U.S. stock indices closed lower, with the Nasdaq down 1.57%, the S&P 500 down 0.99%, and the Dow down 0.23%. U.S. stocks related to digital currency declined, mirroring the sharp drop in the cryptocurrency market. Bitcoin fell to a low of around 106236, while Ethereum dipped to a low of around 3677. The futures market experienced a double explosion of long and short positions. This deep correction is due to multiple factors. While the Federal Reserve is cutting interest rates, Powell also dropped a "🦅" today, and the breaking point 📉 is not because the coins themselves are failing. The root cause is that Powell's words scared the leveraged positions. On the last black Friday night of the month at 20:30, the U.S. will announce the annual core PCE price index data for September, with market expectations at 3.0%. It is advised to closely monitor the market reaction after the data release, especially the Federal Reserve's policy statements, to gauge the future market trends.

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Bitcoin remained in a weak consolidation pattern throughout yesterday, with a significant bearish dominance. The early market opened with a rebound from a low of 109690 USD, but the upward momentum was insufficient, and the rebound was met with clear resistance near 100920 USD, subsequently turning back down. During the midday session, the market continued its downward trend, dipping to a low of 107860 USD. After briefly finding support at this low, it initiated a rebound, which was stronger than the earlier session, peaking around 111550 USD. However, the bulls could not maintain the rebound gains, and the market faced pressure again. In the evening session, affected by the performance of U.S. stocks, Bitcoin prices fell continuously, breaking through several key support levels, with a low point reaching around 106230 USD. After this position formed effective support, prices stopped declining. As of now, the market is showing a slight rebound, running around 107600 USD. It is noteworthy that recently, the market's performance has been impacted by insufficient liquidity during trading, failing to launch a large-scale rebound. In the tug-of-war process, the bullish momentum has clearly been weak. The current market has entered a critical point with the end of the week and month approaching, increasing uncertainty in the short-term trend. Moving forward, attention should be focused on the growth of trading volume; if the volume can effectively increase, it may bring rebound momentum to the market; if the volume remains sluggish, this current oscillating downward trend is likely to continue.

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Ethereum also showed a weak operational pattern yesterday, with clear resistance to rebounds. During the day, Ethereum attempted to challenge the $3950 mark twice but failed to break through the resistance at that position, indicating significant selling pressure above. In the evening, Ethereum began to decline in sync with Bitcoin, lacking effective support during the downward process, hitting a low around $3670. After stopping the decline at this low point, it initiated a slight rebound. As of now, the Ethereum market has rebounded to around $3780. Whether the short-term trend can improve depends on the stabilization situation within the $3820-$3850 range. If the market can successfully stabilize within this range, bulls are expected to gradually recover the losses from earlier, driving the market to a rebound trend; on the contrary, if it fails to break through the resistance of this range, the market is likely to continue consolidating in the bottom area, making it difficult for the weak pattern to effectively change.