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!

In many cases, contract trading requires observing the results, and this is especially true for such trades. A decisive short position was entered early on, and the expected profit was captured. The price rose and then fell back, but frequent trading was avoided. The focus was on trend trading and waiting for the right opportunity.

The Bitcoin/Ethereum trading strategy was to short at 104000 and around 3460 during the daytime session. After several attempts to break higher, the price fell back, reaching a low of around 103000 and 3375 so far. Ethereum has gained over 70 points. Congratulations to those who followed the strategy. The publicly available strategy can be seen.

Bitcoin (BTC) afternoon market analysis (November 6th): The current market exhibits clear range-bound trading, with prices fluctuating repeatedly between the key support level of 98888.8 and the resistance level of 104000. Momentum is weakening, and the market direction is unclear. Technically, although the moving average system shows a bullish alignment and the price is above the long-term moving average, the short-term moving average is flat, and the price action near the Bollinger Band's middle line and the neutral RSI all indicate a lack of clear trend. Furthermore, while the recent bullish engulfing pattern suggests some potential for a reversal, the signal strength is only moderate, and the lack of corresponding volume further exacerbates market uncertainty. Trading recommendations: Buy Bitcoin around 102500-103000, with a target around 104500; Buy Bitcoin 2 around 3350-3370, with a target around 3450.

Bitcoin's current daily chart shows a pullback from its highs, with multiple long lower shadows indicating buying support at lower levels, but the overall market remains in a consolidation phase. On the 4-hour chart, the MACD histogram has shrunk from negative to positive, but the fast and slow lines are still below the zero line, indicating weakening upward momentum. After several consecutive bearish candles, the price has gradually stabilized, currently exhibiting a slight consolidation pattern. A short-term rebound is possible. Intraday trading is recommended to buy on dips. Specifically, Bitcoin is suggested to enter long positions around 102200-102800, with a target around 104500; Ethereum is suggested to enter long positions around 3340-3370, with a target around 3450. However, market conditions are constantly changing, and this article is time-sensitive. Those entering positions should refer to real-time guidance.

The market rebounded in the early morning, and we suggested considering placing small short positions in the 104,000-104,500 range for Bitcoin and the 3,450-3,480 range for Ethereum. This is also the entry point for our long positions to take profit and prepare to short, with targets of 102,500-101,500 for Bitcoin and 3,350-3,250 for Ethereum. In the short term, we believe the market will consolidate within this range for a while before choosing a direction. The market has already moved some distance, basically reaching the first target. Conservative short positions should be closed for profit, while aggressive positions can be reduced and held for observation. Strategies are time-sensitive; please refer to the information on the homepage for specific details and private real-time guidance.

The market rebounded in the early morning, and we suggested considering placing small short positions in the 104,000-104,500 range for Bitcoin and the 3,450-3,480 range for Ethereum. This is also the entry point for our long positions to take profit and prepare to short, with targets of 102,500-101,500 for Bitcoin and 3,350-3,250 for Ethereum. In the short term, we believe the market will consolidate within this range for a while before choosing a direction. The market has already moved some distance, basically reaching the first target. Conservative short positions should be closed for profit, while aggressive positions can be reduced and held for observation. Strategies are time-sensitive; please refer to the information on the homepage for specific details and private real-time guidance.

Analyst Xiao Ma's Diary: November 6th - The strategy of shorting Bitcoin/Ethereum in the early morning yielded the expected results. Short positions were entered around 103900 and 3420. Although Bitcoin rallied in the early morning, we held patiently, maintaining our trend judgment. The market fluctuated downwards in the morning, reaching lows of around 102684 and 3374. Bitcoin had reached our target level, so we took profits promptly. Ethereum followed suit, and we took profits around 102800 and 3380. The Bitcoin/Ethereum shorting strategy yielded nearly 1100 points and approximately 40 points respectively, a decent profit. Xiao Ma's strategies are always planned in advance and shared with everyone, proving the clarity of the previous posts.

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.]

With no clear bullish or bearish trend, today's strategy is to focus on short-term long positions. Consider buying Ethereum around 3430, with a target of 3480.

The intraday strategy for Bitcoin/Ethereum was to place two short orders. The first was entered above 3340 with a take-profit target of 3270, securing 70 points. After the price rallied in the evening, another short position was entered above 3370. If the price continues to rise, it's advisable to add to the position, averaging down around 3400. Wait for further declines in the early morning, then adjust the target to around 3330. The overall target for Bitcoin is 102,000.

Bitcoin (BTC) and Ethernet (ETH) Latest Market Analysis (11/6): The market is currently in a bottoming phase, with prices approaching the strong support level of 98888.8. Technically, a hammer candlestick pattern suggests a possible bullish reversal, but the moving average system is bearish, and short-term momentum remains downward, indicating some uncertainty in market direction. Insufficient trading volume further exacerbates the ambiguity of the price-volume relationship; close monitoring of subsequent volume changes is needed to confirm the effectiveness of the support level. Our midday short positions at 102200 and 3370 can be added to and held, awaiting a further decline. Those who haven't entered can enter short positions at the current price. Early morning trading suggestions: Bitcoin: Short at 103900, target 102500, break below to 101500. Bitcoin 2: Short at 3420, target 3320, break below to 3150.

Bitcoin and Ethereum trading strategies at 11:00 AM on November 6th: Bitcoin: Short at 103500-104000 with a small position, target 102500-101000, add to position at 104500, stop-loss at 106000! Ethereum: Short at 3390-3410 with a small position, target 3320-3250, add to position at 3450, stop-loss at 3520! These strategies are time-sensitive; please refer to private real-time guidance for specific details! See my profile for more information!

Enter a short position on Bitcoin at the current price of 103,500, with a target of around 102,000. Enter a short position on Ethereum at the current price of 3,400, with a target of around 3,300. Remember, these targets must be reached.

Evening trading strategy: Ethereum (ETH) long positions near 3280-3300, target price: 3340-3380. Bitcoin (BTC) long positions near 101400-101600, target price: 102400-102800-103400. All targets have been reached, and all positions have been closed with profit. It is not recommended to hold positions overnight due to high risk. I hope more people can learn money-making skills, see money-making opportunities, and truly earn the returns they desire through my guidance!

Shorting Bitcoin/Ethereum above 3340 during the daytime session and successfully taking profit near 3270 was mentioned previously. The market rallied rapidly in the evening, with the hourly and 4-hour charts showing an upward trend. The daily chart shows consecutive bearish candles, indicating a clear downward trend. Yesterday's long lower shadow suggests some buying support around 3057. The 4-hour chart shows a rebound, a correction after a significant short-term drop, but the overall pattern remains weak and volatile. Technically, the MACD histogram remains negative, with both DIF and DEA trending downwards, indicating that bears are in control and there are no bottoming signals in the short term. Evening trading recommendations: Short Bitcoin around 103000-103500, targeting around 101300; Short Ethereum around 3370-3400, targeting around 3280. [The above analysis and strategies are for reference only; please bear your own risks. The article's review and publication are not timely; please refer to real-time information.]

There's a lot of talk about entering a bear market right now. Looking at historical cycles, the current timing does seem somewhat similar. The last cycle saw Bitcoin's halving in 2020, and the bull market peaked in November 2021. Technically, the monthly candlestick pattern also suggests a top (death spiral). Regarding the drop of around $30,000, I believe this volatility is normal for Bitcoin's current price, given its higher price per unit. This sharp drop can be seen as a shakeout, a way to reduce the weight of long positions, as the weekly candlestick structure is still above the uptrend line. Now, let me share my view and prediction for the bull/bear market. While the weekly structure is above the trend line, the MACD's double-line death cross needs further confirmation. Therefore, I define the $90,000 level as the bull/bear dividing line. If the price doesn't break $90,000, or even a significant drop below $100,000, and the subsequent rebound can hold above $110,000, then this drop is a shakeout, and there will be a final bull run, with a high of around $131,000. If the subsequent market rebound merely stabilizes above 110,000, followed by another period of volatile decline or continued sideways trading and gradual drop, eventually falling below 90,000, and then fails to stabilize above 100,000 during any subsequent rebound, then the probability of entering a bear market is extremely high. The above is my personal view on bull and bear markets. Those with similar perspectives can refer to this prediction and observe subsequent market movements to see if it holds true.

Hello everyone, this is trader Gege. It's been a long time since I updated my articles, as I've been busy with intraday trading. Some fans have been urging me to update, so today I'll briefly discuss my views on the current market. I'm very grateful to those who have continued to follow and support my analysis, and I hope the ideas presented are helpful. Today I'll only discuss my views on Bitcoin's trend and overall direction; these are all predictions and for reference only. Those who trade intraday don't need to waste their time reading this. After the National Day holiday, the market experienced a sharp drop, forming an oversold spike, followed by over 20 days of large-range consolidation, before breaking through the low point and briefly breaching the 100,000 mark, then plunging to 98,888. In about a month, from the high to the low, there has been a drop of nearly $30,000. Regarding the reasons for the decline, I've already discussed the macroeconomic aspects of the market news, from the initial shutdown of the US government, hacker attacks, and insider theft, etc., leading to too much uncertainty. Long-term whales and institutions sold off their holdings, making risk aversion in the market inevitable. Many voices in the market are criticizing Trump for exploiting the cryptocurrency market. In reality, Trump is a double-edged sword for the crypto world. He is indeed reaping profits, but consider this: without his inauguration, would Bitcoin have reached its current height? Perhaps, but not so quickly. For the crypto market, I believe the benefits outweigh the drawbacks. Therefore, if Trump is purged or removed from office, the crypto market will inevitably be affected. The current market is a game between institutional investors. Only when institutions start buying again can the market be driven up. For institutions to have confidence, Trump must handle the current situation well, and the subsequent Fed rate cuts and quantitative easing must be timely.

Market Recap: Yesterday's US session and this morning's ETH price movement were almost identical to my analysis from yesterday, rebounding to a high of 3586, breaking below 3440, and reaching a low of 3043. Our shorting target was 3061. Before today's analysis, let me address a key question: Has this significant drop bottomed out? I've been involved in forex trading since 2010, with over a decade of practical experience. While I've had my share of wins and losses, I'm still somewhat lacking in consistent profitability. However, I'm more than capable of providing analysis and strategies, especially compared to beginners with only three to five years of experience, or even those who haven't traded in real-money accounts but have read basic technical analysis books and are now offering guidance and strategies. There's a fundamental difference between them and those who offer guidance based on their experience. What I'm discussing are experiences that everyone goes through, and a down-to-earth trading journey. Books can only address theoretical probability issues; without actual trading experience, one cannot understand the mindset of a novice trader. Therefore, in my three analyses from November 2nd to 4th (two of which were rejected), I consistently emphasized four words—"Don't go long!" Tonight's four words: It's too early to buy the dip; Today's analysis: 1-hour chart: In short, it's an oversold rebound. A single positive candle is unlikely to indicate a bottom unless a large positive candle recovers the 7-point drop to 3586. Until this happens, we should treat it as a bearish market. The extent of the drop is not a reason for a bottom. A bottom will either be formed over time, such as a double bottom, triple bottom, head and shoulders bottom, or a rounded bottom, or it will be formed by a rapid price correction, such as a wick or a V-shaped reversal. We haven't seen a wick yet, and a V-shaped reversal depends on a short-term recovery to 3586. Until either of these occurs, we can only continue to be bearish. The market will not operate according to your intuition. Short entry point and timing: Entry point: 3440. Of course, it may not reach that level. There is another entry point: look at the 15-minute chart. If it breaks below 3275, continue to short.

Bitcoin and Ethereum Trading Suggestions and Directional Analysis for the Evening of November 5th: After the afternoon's analysis, the market dipped again to 101300 in the evening. My midday short-term trades yielded some profit. I suggested entering Bitcoin around 102300 and Ethereum around 3350. After the price stabilized and showed signs of a rebound, I exited all positions. Bitcoin gained over 1000 points, and Ethereum gained over 70 points. From the current market perspective, the daily chart shows that Bitcoin's price has shown signs of rebounding after a significant step-down trend. After touching the upper Bollinger Band and encountering resistance, Bitcoin entered a sustained downtrend, forming a standard consecutive bearish candlestick pattern. Although there were brief rebounds, the bullish momentum was clearly insufficient. These rebound bullish candlesticks generally appeared as doji stars or small-bodied candles, and the trading volume continued to shrink, indicating weak market buying interest. Looking at the 1-hour chart, although there are consecutive bullish candlesticks in the short term, the upper resistance level is still suppressing the rebound, and it cannot withstand the impact of the falling volume. Therefore, my trading suggestion for tonight is still to focus on rebounds. Short-term trading suggestions: Bitcoin: Short at around 102800-103500, target around 101000, break below to 100000. Bitcoin: Short at around 3350-3370, target around 3250, break below to 3150.