Liang Qiu: Bitcoin/Ethereum Trading Strategy with Market Analysis (November 8th)

Bitcoin/Ethereum experienced another sharp drop overnight, with significantly increased volatility and a clearly strengthening trend. Our strategy from yesterday was somewhat flawed, but following the overall breakout resulted in minimal losses. Currently, Bitcoin/Ethereum has broken through 102,000 and 3,400; the next key level to watch is whether it can hold and support further upward movement. On the daily chart, the primary resistance levels to watch are 104,000 and 3,480. A break above these levels would open up significant upside potential, but a period of consolidation over the weekend is expected. Looking at the four-hour chart, Bitcoin initially surged and then retreated, while Ethereum's trend has clearly strengthened. As mentioned in previous live streams, if Bitcoin is consolidating or in a slight upward trend, and Ethereum and altcoins are generally rising, further upward movement is possible; hold positions and exit if a breakout occurs. On the daily moving averages, the 7-day moving average is currently at 3,488 and 104,200, levels that were not breached overnight. A short-term pullback is expected over the weekend. Trading suggestions: Short Bitcoin at 103200-103600, target around 101800; Short Ethereum at 3460-3480, target around 3380. [The above analysis and strategies are for reference only; please bear your own risk. Article review and publication are not timely; please refer to real-time information.]