November 3 BTC morning analysis:

From the market perspective, BTC fluctuated gently over the weekend, with a downward oscillation in the early morning, currently oscillating around the 109700 line. The 4-hour level shows weakness, with fragmented down and up movements, and the Bollinger Bands are converging, suggesting that short-term volatility may continue; the 1-hour level has seen four consecutive bearish candles, with long lower shadows on the bearish bars and insufficient support below. The Bollinger Bands are expanding, with the middle and lower bands continuing to decline, and the bearish trend has not been completely released. A short position is recommended.
Operation Recommendations
BTC: Short in the range of 110700-111200, target down to look at 108700-108000.
- Two pancakes: Short in the range of 3900-3930. Target down to 3800-3700.