Analyst Liang Qiu: Bitcoin/Ethereum closed the month on November 1st with sideways trading throughout the day, followed by a rise and fall in the early morning.

Bitcoin/Ethereum rebounded after finding support following a sharp drop in the early hours of last night. During the daytime session, it maintained a volatile trend, rising before falling back again, indicating significant short-term resistance. The current price action clearly shows increased volatility and a more pronounced continuation of the upward/downward momentum, evident in Ethereum's swings of 200-300 points. The price rebounded significantly after a sharp drop, followed by multiple rallies and subsequent sideways consolidation. On the 4-hour chart, the price found resistance at the Bollinger Band's middle line, and the key level to watch is whether it can break through this line with increased volume, specifically the resistance levels at 111500 and 3900-3920. The monthly chart is also about to close bearish, and given the significant previous upward movement, the overall volatility is expected to increase further, suggesting potential for further weakening. A pullback is still anticipated in the early morning. Trading suggestions: If the price of Kongdan rises during the daytime session, you can continue to hold patiently, or short Bitcoin around 110300-111000 in the early morning, with a target of around 108500; for Ethereum, short Ethereum around 3865-3890, with a target of around 3780, and further targets of 111800 and 3930.