Analysis of the latest market trend for Bitcoin and ETH: As of 11/2, the current market is in a range-bound fluctuation state, with prices running between the strong support level of 101516.5 and the strong resistance level of 112714.9. Short-term momentum and trading volume signals are weak, and the market direction is not yet clear. On the technical side, despite the recent appearance of a bullish reversal engulfing pattern, indicating possible rebound signs, the long-term moving averages are flattening and the low volatility environment limits the continuation of the trend. In addition, market sentiment is assessed as neutral through the Fear & Greed Index, and the macro environment pressure is low, with no significant external driving factors observed. The current market is in a low volatility range-bound state, with prices close to the strong resistance level of 112714.9( under the major premise of ), and the long-term moving averages are flattening, with weakened momentum, resulting in unclear trend signals under the minor premise of (. Therefore, adopting a high throw shorting strategy near the resistance level is a reasonable choice to align with the current fluctuation market under the conclusion of ). Xiao Ma's operation suggestion is still short-term trading, and one can enter with a small position to short.
Shorting BTC at 110800 current price, add shorting at 111800, target around 109500. Shorting at the current price of 3895, adding to the shorting position at 3950 with a target near the resistance level of 3800 ()#参与创作者认证计划月领$10,000 #Gate跨所交易平台CrossEx上线
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Analysis of the latest market trend for Bitcoin and ETH: As of 11/2, the current market is in a range-bound fluctuation state, with prices running between the strong support level of 101516.5 and the strong resistance level of 112714.9. Short-term momentum and trading volume signals are weak, and the market direction is not yet clear. On the technical side, despite the recent appearance of a bullish reversal engulfing pattern, indicating possible rebound signs, the long-term moving averages are flattening and the low volatility environment limits the continuation of the trend. In addition, market sentiment is assessed as neutral through the Fear & Greed Index, and the macro environment pressure is low, with no significant external driving factors observed. The current market is in a low volatility range-bound state, with prices close to the strong resistance level of 112714.9( under the major premise of ), and the long-term moving averages are flattening, with weakened momentum, resulting in unclear trend signals under the minor premise of (. Therefore, adopting a high throw shorting strategy near the resistance level is a reasonable choice to align with the current fluctuation market under the conclusion of ). Xiao Ma's operation suggestion is still short-term trading, and one can enter with a small position to short.
Shorting BTC at 110800 current price, add shorting at 111800, target around 109500.
Shorting at the current price of 3895, adding to the shorting position at 3950 with a target near the resistance level of 3800 ()#参与创作者认证计划月领$10,000 #Gate跨所交易平台CrossEx上线