Crypto Circle News
October 31 Hot Topics:
1. JPMorgan: USDC market cap grows 72% this year, benefiting from compliance and institutional adoption
2. dYdX plans to enter the US market by the end of this year and significantly reduce trading fees
3. Strategy Inc (MicroStrategy) returns to profitability in Q3 with a net profit of $2.8 billion
4. Riot Platforms announces Q3 2025 financial report, with revenue reaching $180 million
5. Coinbase Q3 net profit reaches $433 million, benefiting from increased trading volume driven by crypto market volatility
Trading Insights
Understanding candlestick language can greatly enhance trading efficiency. Below is a comprehensive guide from single candlestick patterns to trend trading strategies! You will definitely find it useful!
I. Core Secrets of Single Candlestick Patterns
- Bullish Signals
① Long bullish candlestick: Strong bullish control, appearing at low levels or as a reversal starting point
② Bullish candlestick with shadows: Long upper shadow indicates resistance, long lower shadow indicates strong support - Bearish Warnings
① Large bearish candlestick: Bearish pressure, caution for potential trend reversal at high levels
② Long lower shadow bearish candlestick: Bearish pressure followed by bullish counterattack, hidden turning point - Special Patterns
① Long doji star: Bull-bear stalemate, key position reveals or triggers trend storm
② Hammer/Inverted hammer: Reversal signal at the end of a trend, tool for bottom fishing and top escaping
II. Winning Strategies for Candlestick Combinations
Combination Patterns | Occurrence Scenarios | Trading Signals
--- | --- | ---
Morning Star | End of a downtrend | Act decisively to go long
Evening Star | Top of an uptrend | Timely shorting
Three Rising Methods | Continuation of an uptrend | Buy on pullback
Three Falling Methods | Continuation of a downtrend | Sell on rebound
III. Trend Positioning Trading Rules
- Uptrend: Rely on trend lines/moving averages, buy on pullbacks when the decline stops
- Downtrend: Touching resistance levels leads to stagnation, short decisively at rebound highs
- Consolidation Phase: Focus on breakout with volume confirmation, chasing trends is more prudent
LIFE IS LIKE
A JOURNEY ▲
Below are the real trading signals from the Big White Community this week. Congratulations to the friends who followed along. If your trades are not going well, you can come and test the waters.
Data is real, each trade has a screenshot from the time it was sent.
**Search for the public account: *Big White Talks About Coins*
BTC
Analysis
Powell's expectation of no interest rate cuts in December has compounded the reaction to US stock earnings reports, and in the short term, market sentiment is indeed quite poor. However, after the US stock market closes today, the new round of earnings reports looks promising. Although there was a significant drop yesterday, pre-market trading today has already started to rise. Currently, Bitcoin and tech stocks still maintain a strong correlation; at least I have not seen the risk of BTC and tech stocks decoupling. The biggest issue now is that the overall cryptocurrency space lacks its own narrative, apart from the latest developments with a few spot ETFs, there are almost no independent narratives.
In the short term, on the 4-hour level, breaking below the ascending channel and the neckline of the W bottom, we should pay attention to whether the rebound can break through the downward channel around 110,000.
If it breaks through, the next resistance level is around 112,000, which is the pressure from the neckline of the W bottom. Only if it breaks through can we expect to challenge the previous high resistance around 116,000.
If all resistance levels are blocked, it may gradually break below the support of the previous low around 106,600 (breaking here would form an M top), possibly heading towards the needle point of 102,000-104,000 to seek support again.
In terms of indicators, both MACD and RSI have the potential to recover upwards.
Trading Strategy: The larger trend is bearish, and we can continue with a short strategy, shorting at resistance levels in batches, and stop-loss if it breaks through.
ETH
Analysis
From Bitcoin's data, the fear has significantly increased in the last 24 hours, mainly due to the Federal Reserve's influence. However, the fact that the US is moving towards monetary easing is undeniable; the balance sheet reduction has already stopped, and there is still Trump lurking in the background. Therefore, my personal view is that even if there are no interest rate cuts in December, it will not change Trump's determination to adjust interest rates in 2026. The expectations for the Trump cycle in 2026 indicate that the long-term liquidity environment remains favorable. I continue to hold long positions, taking profits and replenishing a few times during this period. If extreme volatility leads to increased risk, I will enter the spot market. From the perspective of chips and trading behavior, there are no signs of panic; the buying strength remains, which feels more like a short-term emotional adjustment rather than a trend disruption.
ETH is in a downtrend channel on the weekly chart. If it cannot break through the upper track, along with indicators like MACD, it still leans bearish. On the daily chart, it is in a downward oscillation; it broke below the lower triangle yesterday but recovered. Key levels to watch for a rebound are 3980 (mid-track resistance) / 4050 (W bottom neckline) / 4270 (upper track of the channel). If it loses the lower triangle again, the target points to 3580 (lower track of the channel) and 3380 (previous low).
Disclaimer: The above content is personal opinion and for reference only! It does not constitute specific trading advice and does not bear legal responsibility. Market conditions change rapidly, and the article has a certain lag. If you have any questions, feel free to consult.
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