Bitcoin/Ethereum traded sideways over the weekend. Since the rally from previous lows of 3680 and 106200, the overall trend has shifted from weak to strong, with higher highs and lower lows, indicating bullish momentum. The four-hour and daily charts also show consecutive positive candles, suggesting continued upward potential. Our previously suggested strategy of pushing the price higher has seen multiple rallies followed by pullbacks, but the lack of significant volatility over the weekend limited the extent of the upward movement. In terms of candlestick patterns, recent price action has shown an upward trend with consecutive positive closes, indicating bullish dominance, although the rate of increase has weakened. Technical indicators show that both the DIF and DEA are in negative territory, and the MACD histogram has turned from green to red, indicating weakening bearish momentum and bullish attempts to gain ground. Trading recommendations: Buy Bitcoin around 109300-109800, with a target around 111500; Buy Ethereum around 3840-3870, with a target around 3960. The above analysis and strategies are for reference only; please bear the risks yourself. Article review and publication may not be timely; please refer to real-time updates.
Analyst Liang Qiu: Bitcoin/Ethereum traded sideways over the weekend, with highs and lows constantly shifting.
2025-11-02 07:32:17
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