Xiaoyao KOL: Bitcoin and Ethereum Afternoon Market Analysis 11.1

Bitcoin's recent candlestick chart shows a volatile trend. After a sharp drop, it has formed small positive candles in the last two days, indicating a short-term bottoming out, but the overall trend remains weak. The MACD histogram has turned from negative to positive, and the DIF and DEA lines are gradually converging, indicating a weakening of the upward momentum. The 7-day and 30-day EMAs are approaching convergence, while the 120-day EMA is far from the current price, suggesting a short-term trend of consolidation, with continued pressure in the medium to long term. Intraday trading recommendations are: Bitcoin around 110600-111300, with a target around 109000; Ethereum around 3880-3930, with a target around 3820. However, market conditions are constantly changing, and this article is time-sensitive. Those entering the market should refer to real-time guidance.