November 4th 【Market Analysis】 + 【encryption Hotspot】

❌❌Rejecting hindsight, shorting on the rebound❌❌

The long term has arrived, pay attention to your spot, it's time to reduce or cut.

1⃣ #BTC After yesterday's battle between bulls and bears, the bears have the absolute advantage. Today, I will share a different perspective with everyone. Short on highs, the center is gradually moving down.

BTC is in a bearish trend that cannot be reversed and has already broken the lower support point, especially with breakouts observed on the 12-hour and 4-hour levels.

2⃣ #ETH has broken below the support level and the rebound is weak, indicating a change here. Compared to BTC, there is no different trend.

Looking at the current trend from different perspectives.

3⃣ Market #BTC current key support level:

--BTC:
Long position: Close the position with a small loss or no loss. If it breaks below the support, close it to reduce risk.
Short Position Layout: The layout of 108583 has formed a bearish sequence, with a small position layout.

--ETH:
Long position: Close the position with a small loss or break-even. If it breaks below the support, close the position to reduce risk.
Short position setup: The setup at 3758 has formed a bearish sequence, with a small position layout.

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All views only represent personal opinions.
Not to be taken as any investment advice.