BTC and ETH outlook for Tuesday, November 4.

The alarm didn't wake me up at 4 AM. The orders I chased last night didn't go through. My BTC average holding price is 106900, and it retraced to around 1057 in the early morning. My ETH average holding price is 3668, and it retraced to around 3550 in the early morning.
After breaking the support at 1060, a daily downtrend cycle has been initiated. The rebound after breaking the support is the time to enter the market with a short position. Don't worry about how quickly the rebound will strengthen; it's merely a rebound. So, don't think about catching the bottom yet, as the decline is not over. From a daily perspective, the target for this retracement cycle is around 1035-1020, and it may even go lower to 98000, although it might not happen that quickly. During the day, the rebound pressure to watch is around 1078-1083, which is when a short position can be initiated. Reserve an opportunity for a re-entry, with short-term targets at 1050-1035-1020.
ETH is still the same saying, if you have money, don't venture into Beijing, Shanghai, and Guangzhou; when in trouble, just empty Ethereum. The daily support is at 3500-3400, or even lower at 3135. During the day, pay attention to rebound pressure near the two levels of 3680-3735 for limit orders, with a target of 3550-3500-3400.
Deviation in points, for reference, subject to actual conditions. I am Yaoyang, friends who like it can click to follow. #比特币价格分析