To Li: November 1st, morning btc/ETH operation and analysis

If there are regrets in October, let them go with the wind. In November, we set off again with experience and hope. Early morning market review: Bitcoin started rising from 108600 late at night to a high position of 110231, and then hovered around 109500 under pressure. Ethereum touched a low of 3802 and rebounded to a high of 3904, followed by narrow fluctuations around the 3850 range. The market situation from early morning to today has shifted from intense competition between both sides to horizontal development with narrow fluctuations.
Looking at the current market situation: both BTC and ETH are showing that the current market competition is in a stalemate, with no clear unilateral trend under the narrow fluctuation pattern. After a rebound based on short-term support, the price of ETH touched the previous resistance level and then faced pressure to fall back, with two direction switches failing to sustain a trend. Due to the weekend, the willingness of both buyers and sellers to participate has decreased, leading to a decline in market activity, a narrowing of the fluctuation range, and limited profit space. Currently, the overall market performance is relatively weak. Before there is a substantial change in the overall trend, it is recommended to focus on short-term operations this afternoon, targeting suitable entry points within the range. The current volatility base is still acceptable, and there are trading opportunities in the market.
BTC 108900-109400 can be monitored around 111100
Two cakes 3800-3830 can be done Focus on around 4000
#BTC #ETH