Yueying: Bitcoin and Ethereum Market Analysis (November 2nd) - Is the monthly chart showing a topping doji candlestick pattern a signal of entering a bear market?

Bitcoin Technical Analysis — On the daily chart, Bitcoin closed with a small bullish candle. Intraday opening saw continued upward testing of the 7-day moving average and the middle Bollinger Band. The Bollinger Bands are narrowing, and short-term moving averages are turning downwards. The MACD fast and slow lines are turning upwards again, with the volume bars showing two increases. The KDJ indicator is trending downwards but shows signs of turning upwards. The VR indicator is consolidating around 60. On the 4-hour chart, the price is oscillating narrowly above the middle Bollinger Band and short-term moving averages. The Bollinger Bands are narrowing and flattening, while short-term moving averages are trending upwards. The MACD fast and slow lines are crossing upwards, with the volume bars showing another increase. The KDJ indicator is crossing upwards, and the VR indicator is consolidating around 55. Overall, the price action shows signs of upward movement, but the overall trading range remains unchanged. The monthly candlestick pattern resembles a topping doji, so those focusing on the overall trend should be cautious and treat this month's rebound with caution. Short-term resistance is around 112000; if this level is broken and stabilized, the next resistance level to watch is around 114000. Short-term support is around 108000, followed by the area above the previous low. See short-term recommendations. Bitcoin short-term recommendations: Short at 111500 (Short at 113300), Long at 108800 (Long at 107500). Ethereum Technical Analysis — Ethereum's overall technical picture is correlated with Bitcoin's daily and 4-hour charts; refer to both simultaneously. The market didn't change much over the weekend. Short-term resistance remains around 4000, with support around 3800 and then 3700. See short-term recommendations. Ethereum short-term recommendations: Short at 3958 (Short at 4020), Long at 3818 (Long at 3745) (Click the image to see the homepage introduction for more cryptocurrency analysis) — I am Zhou Yueying.