Trader Gu Jingci: Bitcoin/Ethereum long/short positions continue to profit on October 31, with analysis of the early morning market trends

Bitcoin's early-stage positioning around 81300, 81000, 2350, and 2370 has been maintained. The short-term strategy of going short was initiated last night and during the early morning session, as rapid declines followed. Then, during today's price surge, a combination of short and long positions was established to capture part of the move. Currently, after the sharp drop at the start of the day, the market is experiencing narrow-range consolidation. With the weekend approaching, volatility is gradually shrinking—a typical pattern following a strong directional move. Focus should be on the strength of any recovery over the weekend. Short-term support levels are near 2150 and 76000; resistance levels are near 80000 and 2300. In the short term, traders can adopt a high-probability mean-reversion approach—buying low and selling high. Early morning trading suggestion: Buy Bitcoin at 76500–77000 with target at 78500; buy Ethereum at 2190–2210 with target at 2270. Support levels: 76000 and 2160. Analysis and strategies provided are for reference only; risks are borne by the individual. The article may not reflect real-time data due to review and publishing delays. Always verify with live market conditions!