Bitcoin and Ethereum Latest Price Trend Analysis: 11/8

Bitcoin (BTC) Latest Market Trend Analysis (11/8): Based on the current market conditions, the price has rebounded after three consecutive days of gains, reaching a high below the upper Bollinger Band. However, after a continuous decline, a single rebound is insufficient to change the overall trend structure, although it may present a false breakout opportunity. Therefore, the current upward rebound is a time and space transition for a second decline, and the market structure leans towards a topping pattern. Looking at the hourly chart, after the consecutive gains, the price is clearly under pressure from the upper Bollinger Band. The lack of sustained momentum after reaching a high indicates a potential trend reversal, greatly increasing the probability of a pullback. Therefore, another round of deep bottoming may begin. Trading Recommendations: Bitcoin: Buy around 103300-103800, target 101500-100500. Bitcoin 2: Buy around 3460-3480, target 3380-3330.