Yueying: Bitcoin and Ethereum Market Analysis for November 1-2 Today - Is It Stabilizing and Rebounding? Be Cautious of Another Drop. Short-term Strategy Attached

After the daily chart of Bitcoin (BTC) showed signs of stabilization and closed with a small positive candle, the intraday opening saw a slight rebound. The Bollinger Bands are expanding, short-term moving averages are trending downward, MACD fast and slow lines are declining with volume shifting from expansion to contraction, and KDJ has found support near the 10 level and turned upward, while indicators are consolidating around the 60 level. On the 4-hour chart, after a sharp drop and a pinbar, the price slightly rebounded and closed above the 7-day moving average. The Bollinger Bands are contracting, short-term moving averages show signs of turning up, MACD fast and slow lines cross upward with increasing volume, KDJ extends upward but faces resistance near 100 and shows signs of reversing, and VR indicator is consolidating around 100. Overall, after the sharp drop and pinbar, the market has temporarily stabilized, but remains in a downtrend channel, still in a weak phase. Short-term attention should focus on resistance at 79,000, for short-term trading strategy. BTC short-term strategy: Sell at 78,800 (profit management based on actual results) Yitai Technical Analysis ———— Yitai’s technical analysis follows BTC reference. Resistance levels remain around 2,350; if structure stays unchanged, continue to look for short entries on rebounds, focusing on short-term strategies. Yitai short-term recommendation: Sell at 2,320 (more coin analyses available by clicking the image to view the homepage introduction and find Yueying) — I'm Zhou Yueying, a teacher specializing in technical analysis. Friends with any questions about operations or trends are welcome to join me in discussions and learning! Let's exchange ideas and grow together!