Yueying: Bitcoin and Ethereum Market Analysis Today (November 6th) - Can the Double Needle Pattern on the Daily Chart Lead to a Strong Bullish Comeback?

Bitcoin Technical Analysis — Bitcoin's short position at 104500 resulted in a price movement of approximately 1800 dollars. The daily chart shows a double bottom reversal followed by a bullish rebound to above the lower Bollinger Band. Intraday opening saw another pullback to test the lower Bollinger Band area. The Bollinger Bands are widening, short-term moving averages are trending downwards, the MACD fast and slow lines are extending downwards with increasing volume, the KDJ has found support and turned upwards, and the VR indicator is consolidating around 60. On the 4-hour chart, after breaking through the 7-day moving average, the price encountered resistance around the middle Bollinger Band and is currently testing that area again. The Bollinger Bands are trending downwards and showing signs of narrowing. Short-term moving averages are turning upwards, the MACD fast and slow lines are crossing upwards with increasing volume, the KDJ has encountered resistance near 100 and turned downwards, and the VR indicator is consolidating around 100. Overall, the price has rebounded but upward pressure remains. A complete reversal will require some time. Intraday trading should be approached within a short-term range. Resistance is seen below 105000, while support remains above 10000. See short-term recommendations below. Bitcoin short-term trading suggestions: Short at 104200, Long at 100800 (Take profits as needed after strategy activation). Ethereum encountered resistance and pulled back around 3480. The overall technical picture is correlated with Bitcoin. Intraday short-term resistance is around 3500, and support is around 3200. Short-term trading should focus on buying low and selling high within this range. Ethereum short-term trading suggestions: Short at 3450, Long at 3260 (Take profits as needed after strategy activation). —I am Zhou Yueying, a teacher specializing in technical analysis. If you have any questions about trading or trends, feel free to discuss and learn with me! Let's exchange ideas and profit together!