November 3rd, Monday BTC, ETH views.

Good afternoon, at the beginning of a new week, the market is still unable to break through the key resistance level of 1118. In the morning, after a pullback around 1094, it only managed to rebound about 1300 points. After the daily closing at 8 o'clock, the price rapidly fell, and the overall rebound cycle on the chart looks very poor. The only thing that can still be watched is that the strong support at the daily level of 106 has not yet been broken. If 106 is lost, the daily chart will enter a downtrend stage, and the continuation of the decline can be seen around 1035-1020, but it may not reach that level so quickly.
Currently, there are no known negative factors on the surface, and there are more positive news, so it is likely that the market will continue to oscillate and repair technical indicators in the short term. Therefore, before there is a clear trend, do not chase highs or sell lows. The only thing to pay attention to is whether there can be a rebound after a double dip; however, for the four-hour rebound to recover, it must at least break through the two levels of 1098-1108. Before breaking through, it is best to trade within the range of 1098-1108 during the day, with a stop-loss at 1115. The short-term support target is 1070-1060, and whether to look for a rebound in this range depends on your own decision.
The important daily support for ETH is around 3675. The second coin always tends to overshoot, and it may drop sharply. If it breaks below with a solid close, we will need to watch for a continuation of the drop, focusing on the levels of 3600-3500-3400. If there is an intraday rebound, it cannot recover unless it breaks above 3860-3920, and the previous four-hour rebound cycle will also be unable to recover. One should lay in wait near these two positions, with a short-term target support at 3700-3650. Whether to bet on a rebound here depends on your own decision.

The points may have some deviations, based on actual trading. For reference only. I am Yaoyang, friends who like it can follow me.
#比特币价格分析