Liying in the Crypto Circle: Latest Bitcoin Market Analysis on November 3
Article Published on 2025.11.3------00:30
The current price of Bitcoin is 110,000. Liying assesses that the trend of Bitcoin is unclear, fluctuating within key support and resistance zones, failing to form a clear trend direction. Although a bullish engulfing pattern has recently appeared, suggesting potential reversal, the short-term moving averages have formed a death cross, and the price is below the moving averages, indicating weak market momentum. The price is approaching the support level of the dense trading area at 109,600, and the performance at this level will be crucial for validating the reversal trend. The daily chart shows a downward trend with bearish strength prevailing, and after reaching a high of 111,250, the market sentiment has weakened with continuous pullbacks. The MACD shows weakening momentum on the 2-hour chart, with bears in control. Liying believes that a short position is valid and can be held for further downside.
Short-term Strategy Reference:
- Long Entry: 108,500, Stop Loss: 108,000, Take Profit: 110,000
- Short Entry: 111,000, Stop Loss: 111,500, Take Profit: 109,000
Latest Ethereum Market Analysis
Before publication, the current price of Ethereum is 3,858. Liying observes that Ethereum is fluctuating within the key range of 3,640 to 4,293. The short-term trend is weak, with the moving average system showing a bearish arrangement, and a recent death cross indicates weak market momentum. A significant bullish reversal engulfing pattern has appeared in the candlestick chart, suggesting potential for a market reversal, requiring attention to subsequent key price level breakthroughs. The daily chart shows a small bearish candle in a downward trend, and the 2-hour chart is oscillating around 3,850, indicating a need for further adjustment in the short term. The MACD shows enhanced bearish strength on the 2-hour chart, indicating a short-term weakness, suggesting that the main force still has momentum for further downside, allowing for continued short positions.
Short-term Point Reference:
- Short Entry: 3,920, Stop Loss: 3,960, Take Profit: 3,750
- Long Entry: 3,820, Stop Loss: 3,780, Take Profit: 3,920
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