10.31 Big Shakeout 1. The crypto market followed the U.S. stock market's sharp drop yesterday, briefly falling below 108000 but quickly recovering. It's clear that liquidity within BTC 108000 and ETH 3800 was swiftly taken by the main players. 2. Extreme fluctuations over the past 4 months make it suitable for range trading. Trend trading will be repeatedly worn down. Watch for reversals if it breaks below the range bottom, watch for a breakout at the mid-range, and turn bullish if it holds above the mid-range.