Trader Gu Jingci: Bitcoin/Ethereum Trading Strategy for November 2, with Market Analysis

During the weekend recovery of Bitcoin/Ethereum prices, a volatile upward trend emerged, with early trading continuing to surge to highs of 78,600 and 2,298 respectively. Currently, prices have risen significantly, approaching the resistance zone of 2,295–2,320 formed by the previous consolidation range's top-to-bottom conversion; Bitcoin still faces about 1,000 points of resistance above. With the four-hour Bollinger Bands reaching extreme contraction, no chasing of highs should be done before a confirmed breakout and stabilization at this level—especially considering the strong resistance at the psychological 80,000 mark for Bitcoin. Weekly and monthly charts remain in a downtrend, maintaining a bearish overall bias. The current rebound is not a reversal; short positions can be added on rallies. Trading suggestion: Enter short positions at 78,500–79,000 for Bitcoin, targeting 77,000; enter short positions at 2,295–2,310 for Ethereum, targeting 2,240. Key resistance levels are 80,000 for Bitcoin and 2,340 for Ethereum. Analysis and strategies are for reference only; risks are borne by the individual. The article’s review and publication lack timeliness—actual trades should follow real-time data.