$BTC Market Analysis: Released on November 1st at 13:17

The analysis provided yesterday during the afternoon session suggested a drop to 3860-3918, looking for a profit of 60-100 points. In the evening, it surged before retreating to 3802, validating that viewpoint. Later, it rose again but unfortunately did not touch the 3920 line. The real-time trades shared in the live stream also reached their targets. Here at Rui Ge's, any trade is either real-time or pending orders. The afternoon analysis and live stream replay can prove this. Congratulations to the brothers who believe in Rui Ge! Here, you can not only get accurate points but also learn trading strategies, as well as benefit from the occasional course materials provided. If you like the host, please give a follow and observe for a while! See if it's worth subscribing! Thank you all for your support!
First, we see Bitcoin, with the monthly line closing at 109555. The overall upward structure has not been broken, and as long as it does not fall below the defense line of 107000, the overall trend remains bullish. Yesterday, Friday, the overall fluctuation was small, and the daily line closed with a small bullish candle, seemingly stabilizing but actually hiding risks. The key focus is on when we can stabilize above 113000; only then will we treat it as bullish. Conversely, we will continue to focus on the lower range of 105200-103097. Last night, I advised everyone to pay attention to the 110000 integer level, which subsequently closed at 110168, indicating that the bearish forces are indeed weak. The overall fluctuation over the weekend is small, and we must be cautious of a potential rally on Monday. Currently, the bearish sentiment is high, so we need to think in reverse about how the whale might liquidate the retail investors. On the hourly scale, we should focus on the upper range of 111555-113766 and the lower range of 109289-107157. Overall, the weekend is characterized by narrow fluctuations, and the operational suggestion is to focus on high selling and low buying within the range of 109106-110927.
Secondly, looking at the second coin, the monthly line closed at the 3846 level. Although it has consecutively closed two bearish candles, overall it is still a healthy trend. As long as it does not break below the 3700 level, I continue to remain bullish. The daily line and the large coin's trend are in sync. Moving forward, the key focus will be whether it can pull back to the 3500 level next week. Conversely, if it stabilizes above the 4000 level, the bears will temporarily take a break. On the four-hour level, pay attention to the 3953-4131 range above and the 3804-3648 range below. Over the weekend, the strategy should focus on range trading, with operational suggestions around 3811-3886, primarily buying low and selling high. It is advised not to go for the extremes, but to capture 30-40 points instead. Set a defensive stop at 0.5 times. Good luck to everyone! $ETH #参与创作者认证计划月领$10,000 #比特币行情分析