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$BTC Midday Analysis: Released on November 2nd at 13:31
Yesterday's afternoon analysis gave suggestions but did not allow us to get on board. Overall, it is a narrow range upward fluctuation. In the evening, the layout of eigen still has about double the profit. Here, congratulations to the brothers who kept up with Brother Rui's rhythm! With Brother Rui, you can not only get accurate points but also learn trading mindset, and occasionally receive course materials as benefits. If you like the host, give a follow and observe for a while! See if it's worth subscribing! Thank you all for your support!
First, we see Bitcoin. There was no significant fluctuation in the market yesterday. From a smaller timeframe perspective, there are signs of a bottom being formed. The daily line closed around 110050 in the morning, and the bullish sentiment over the weekend was relatively strong, which also helped revive altcoins. On the daily line, we should focus on when it can stabilize above 113000, and on the downside, we should pay attention to the key support level at 107862. Next week, with continuous positive news, be cautious of volatility driven by news, and it is recommended that everyone trade with small positions carefully. On the four-hour level, we should focus on 112358-115221 on the upside and 109539-106845 on the downside. The intraday trading suggestion is to mainly buy low at 109180.
Secondly, the weekend performance of the altcoin is significantly weaker than that of Bitcoin. Next week, there will be positive upgrades for Ethereum. I estimate it's either gathering momentum or throwing out a smokescreen to lure us in. The altcoin's morning daily line closed at 3871. The timing of Ethereum stabilizing above 4000 will determine when the downward trend can be reversed. We have absolute bottom positions at 3678; when can we add to our positions? The key support level below on the daily line is 3750. If it breaks this level, it will accelerate the drop, likely filling the gap at 3500. On the four-hour level, we should focus on the upper range of 3978-4139 and the lower range of 3832-3677. The intraday trading strategy suggests mainly buying low between 3858-3825, with specific strategies to be provided based on the evening trends! Good luck to everyone! $ETH #参与创作者认证计划月领$10,000 #Solana质押ETF上市 #比特币行情分析