Liang Qiu: Is the sudden surge in Bitcoin/Ethereum prices on November 6th a reversal?

Since bottoming out at 3050 and 98800, Bitcoin/Ethereum has seen a relatively strong rebound. Yesterday, we executed two trades using the "Kongdan" strategy, with the first trade securing a 70-point gain on Ethereum. Later, during the overnight rally, we advised adding to our position. A pullback in the morning to around 3372 resulted in a small profit, highlighting the importance of real-time market monitoring. After all, prolonged losses don't necessarily warrant waiting for significant gains. Currently, the market is consolidating at high levels. Intraday focus should be on the resistance levels of 105000 and 4500. The recent price action has been highly volatile, with a rapid rebound from the lows forming long lower shadows, indicating strong support. Since the bottom, the price has gradually risen, but significant resistance remains, reaching highs of around 3480 and 104500 before pulling back. Technically, the MACD histogram is shrinking from negative values, while the DIF and DEA lines remain below the zero line, indicating weakening bearish momentum but not a complete shift to bullish. Trading suggestions: Short Bitcoin around 104200-104500, target around 102500; Short Ethereum around 3460-3470, target around 3380, further downside potential if it breaks through. [The above analysis and strategies are for reference only; please bear your own risk. Article review and publication are not timely; please refer to real-time information.]