Analyst Liang Qiu: On November 3, Bitcoin/Ethereum experienced a rapid decline at the beginning of the week, and Duan Dan seized the last opportunity to break even.

Follow for more, earn millions. Hello everyone, I am analyst Liang Qiu. Here I share my views, hoping that every friend who follows can achieve good returns!

You can follow the public account Analyst Liang Qiu bb, focusing on mainstream coin guidance and layout. Bitcoin/Ethereum experienced two days of sideways consolidation over the weekend, with a quick rise in the morning followed by another rapid decline, indicating that the overall trend has shifted from strong to weak. The long positions we set up yesterday during the pullback rose to 110700 and 3914, providing a decent profit margin. Currently, the rapid decline trend has weakened, and the weekly line has directly broken below the middle band of the Bollinger Bands. If the major trend turns bearish again and breaks the daily low, it will form a weekly level decline. However, the positions that have been tested multiple times below will have a chance for repair and consolidation, which is the last opportunity for the bulls.

Currently, the short-term market needs to pay attention to the support levels around 3650 to 3680 and near 106000. The quick drop after the morning rise has directly broken the weekend's sideways consolidation pattern and has also broken the low points of 3820 and around 109500. In the future, short-term operations should rely on support and pressure, looking for a rebound to 3800 and above 109500 before assessing the upward momentum.

Operation suggestions: Bitcoin buy near the current price of 107300 to 107800, target around 109500; Ethereum buy near 3710 to 3730, target around 3800, if broken, look for 110500 and 3850, with stop-loss at 106000 and 3650.

Currently, the market outlook is relatively good. I recommend trading altcoins like ORDI, LPT, SOL, and UNI in a swing trading manner, with specific operations based on real-time guidance. For more strategies, you can follow the public account: Analyst Liang Qiu bb.

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