The short-term bearish strategy of 'shorting on pullbacks and adding positions on floating profits' repeatedly mentioned yesterday for Bitcoin and Ethereum has played out as the market retraced from 80,800 and 2,440 down to around 75,100 and 2,205, fully exhausting the downward space. The market is now consolidating at lower levels, entering a weak recovery phase. After a minor rebound at the open, it faced renewed pressure, remaining in a weak trend. The sharp drop last night triggered massive long liquidations, clearing leveraged funds and significantly cooling market sentiment. Current rebounds are primarily technical corrections. Key support levels are now seen at 75,000 and 2,170. A break below these levels could lead to further declines. Resistance remains near 78,000 and 2,300. However, no new short positions should be added before these key supports are broken.
Evening trading suggestions: Enter longs at around 75,500 for Bitcoin, targeting 77,000; enter longs at around 2,225 for Ethereum, targeting 2,280. Analysis and strategies are for reference only—trading risks are your own responsibility. This article may not reflect real-time updates; always rely on live market data!
Trader Gu Jingci: Bitcoin/Ethereum Evening Trading Strategy and Market Analysis on November 6
2026-11-06 14:37:16
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