Crypto Circle News
November 3 Hot Topics:
1. Trump: The tariff case next week is one of the most important cases in American history, will not attend the related debate.
2. U.S. Senator Warren and Binance founder CZ embroiled in defamation controversy.
3. U.S. Treasury Secretary Yellen: The Federal Reserve should cut interest rates if inflation decreases.
4. The U.S. Second Circuit Court of Appeals plans to hold a hearing on the SBF retrial motion on November 4.
5. CryptoQuant CEO: The four-year cycle is hard to replicate; ETF and MSTR buying levels may determine market momentum.
Trading Insights
Here are some practical insights to help you trade more efficiently! 1. Focus on the "leader" Bitcoin is usually the barometer for market trends; Ethereum and other quality coins can occasionally move independently, but altcoins are generally influenced by it. 2. Watch for USDT reverse signals When USDT rises, be cautious of Bitcoin falling; when Bitcoin peaks, it's a good time to buy USDT. 3. Early morning "easy profit" tip Between 0-1 AM, price spikes can occur; domestic users can set low buy orders for desired coins and high sell orders for holdings before sleeping, which may lead to unexpected transactions. 4. Pay attention around 5 PM Due to time differences, U.S. investors become active, potentially causing price fluctuations; historically, many price movements occur at this time. 5. Don't panic on "Black Friday" Although there is a saying about significant drops on Fridays, large increases or sideways movements are also common; there's no need to be overly anxious, just pay attention to the news. 6. Strategies for quality coin declines If a coin with trading volume support declines, don't panic; holding for 3 days to 1 month is likely to break even; if you have extra funds, you can average down, if not, just wait. 7. For spot trading, "less movement, more observation" For the same coin, holding long-term and reducing trades yields higher returns than frequent operations; patience is key.
LIFE IS LIKE
A JOURNEY ▲
Below are the real trading signals from the Big White Community this week. Congratulations to those who followed along; if your trades are not going well, you can come and test the waters.
Data is authentic, and each trade has a screenshot from the time it was issued.
**Search for the public account: *Big White Talks About Coins*
BTC
Analysis
The whole day has been slightly volatile, and not exceeding expectations is the best outcome. Now we mainly wait to see if investor confidence has emerged from the shadow of Powell's statement about no interest rate cuts in December after the U.S. stock market opens on Monday. Regardless, I firmly believe that it is only a matter of time before the U.S. enters comprehensive monetary easing.
This time may not come quickly, but it is an inevitable trend. Therefore, my current approach is not to care too much about whether the next phase is a "bear market" or a "bull market." I focus on one thing: buying the dip, going long at lower levels, and buying more as prices fall.
Support: First aggressive support at 110188 (may easily get stuck, needs observation), second support at 108888, which is also yesterday's Saturday low, extreme support at 107000 USD.
Resistance: First resistance at 111500 (failed to break for 2 days), second resistance at 113800 (short liquidation point), extreme resistance is well known at 116000 as it has failed to break three times in half a month.
ETH
Analysis
From Bitcoin's data, I anticipated that today's turnover rate would be very low, and I mentioned yesterday that if today's turnover rate is low, it indicates that user sentiment is starting to warm up. The result is not only a decrease in turnover rate but a significant drop; the turnover in the last 24 hours was only about 12,000 $BTC, which is an extremely low number.
This basically indicates that investors have no interest in trading. From the chip structure, it remains very stable, and no risks are visible. Starting next week, the focus should be on the potential government shutdown; Trump's objectives are nearly achieved, and continuing could further harm the economy. Ending the shutdown would also help restore investor confidence.
Weekly level: The price closed bearish again last week, with two bullish candles sandwiching a bearish one, indicating a bearish signal in a downtrend. The weekly Bollinger middle band has been broken, and the breakdown of weekly support suggests a high probability of a decline this week.
Daily level:
Resistance: The fluctuations yesterday and over the weekend confirmed a high point around 3930, which is also the resistance of the Bollinger middle band + the fixed trading volume poc area of the fluctuation range.
Support: There is a Vegas support below, but the price has already tested Vegas for the fifth time, and today there has been a signal of breaking below Vegas, so we need to pay attention to the breakdown of Vegas. The key support level below is around 3380.
Currently, it is near the upper line of the downtrend channel, watch for downward movement.
4-hour level: If the price drops again, a death cross will form on the Vegas side.
In terms of secondary indicators, the MACD bullish volume bar has turned bearish, and both KDJ and RSI are turning downwards; after entering the oversold zone, watch for a rebound—bearish bias.
1-hour level: The arc top has broken; the price rebounds to the neckline, and you can short again.
Disclaimer: The above content is personal opinion and for reference only! It does not constitute specific operational advice and does not bear legal responsibility. Market conditions change rapidly, and the article has a certain lag; if you have any questions, feel free to consult.
Disclaimer: This article represents only the personal views of the author and does not represent the position and views of this platform. This article is for information sharing only and does not constitute any investment advice to anyone. Any disputes between users and authors are unrelated to this platform. If the articles or images on the webpage involve infringement, please provide relevant proof of rights and identity documents and send an email to support@aicoin.com. The relevant staff of this platform will conduct an investigation.