Trader Gu Jingci: Bitcoin/Ethereum Trading Strategy and Market Analysis for November 4

Bitcoin/Ethereum has seen continuous profit for both bulls and bears recently, with clear room for movement. The short positions taken after the price surge last night have also captured good gains. Currently, after an early morning drop, the market rebounded and rallied slightly, but Bitcoin broke below the recent support level of 76,000, indicating further weakening in trend. The rebound offers another opportunity. Latest updates on the U.S. midterm elections show multiple media outlets predicting Democrats will win the House of Representatives, while the Senate race remains in tight counting without official confirmation yet. The market has already priced in the House outcome, so no extreme directional move occurred; Bitcoin and Ethereum remain in a range-bound, choppy pattern with frequent whipsaws.