November 7

BTC
From both the weekly and daily perspectives, the large correction wave has not been fully completed. It’s also unlikely to support a significant short-term rally. Therefore, intraday, watch for a potential secondary bottom on the four-hour chart; as long as it doesn’t break below 100,000, there’s a chance for a small rebound. If the rebound fails to break above 106,300, the downward trend may resume. In the short term, expect mainly sideways movement with support levels at 100,000, 97,600, and 95,000, and resistance levels at 102,800, 104,500, and 106,300.

ETH
Ethereum is similar; the overall trend has not stabilized. In the short term, focus on the four-hour chart: as long as it doesn’t break below 3,224, there’s a small chance for a rebound. Watch whether it can hold above 3,680; if it cannot, downside risk remains. Intraday, as long as it stays above 3,224, it will likely fluctuate between 3,224 and 3,483. Support levels are at 3,224, 3,025, and 2,820, with resistance at 3,380 and 3,480.