November 3 Bitcoin Ethereum market analysis and trading strategy

From the current market perspective, analyzing from the daily level, the previous wave-type retracement structure has been confirmed to be broken, and the key drop point has effectively broken down, marking the formal end of the original downward channel. After the price broke through the middle track resistance of the band, it showed a strong upward trend with a large bullish candle. Currently, there is still a certain amount of upward space in the pressure zone near the upper track of the band, and the bullish momentum is in a stage of accumulation and explosion. The four-hour level trend resonates with the daily line, and after the market retreated from the high point, it expanded the bullish volume with the middle track as support. The characteristics of the short-term upward channel have initially appeared, and the middle track support level is gradually moving up along with the market, further consolidating the foundation of the bullish trend. Based on the above structure, the morning operation suggestion focuses on "placing long orders after a retracement" as the core strategy, relying on the gradually rising middle track and the previous effective support area as a reference for entering long positions, capturing trend opportunities within the upward channel.

Bitcoin: Buy in the range of 108800-108000, target 110000
Ethereum: Long in the range of 3790-3750, target 3840
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