Big Cake E-commerce Latest Market Trend Analysis: 11/2 The current market is in a range-bound state, with prices fluctuating between strong support at 101516.5 and strong resistance at 112714.9. Short-term momentum and volume signals are weak, and the market direction remains unclear. Technically, although a bullish engulfing pattern has recently appeared, indicating a potential rebound, the flattening of long-term moving averages and the low volatility environment limit the trend's continuation. Furthermore, market sentiment is assessed as neutral by the Fear & Greed Index, and macroeconomic pressures are low, with no significant external driving factors observed. The current market is in a low-volatility range-bound state, with prices approaching the strong resistance level of 112714.9 (major premise), and the flattening of long-term moving averages and weakening momentum make the trend signal unclear (minor premise). Therefore, adopting a short-selling strategy near the resistance level is a reasonable choice in line with the current range-bound market (conclusion). Xiao Ma's trading suggestion is still short-term trading. Consider entering short positions with a small position size. For Bitcoin, short at the current price of 110800, add to the short position at 111800, with a target around 109500. For Bitcoin, short at the current price of 3895, add to the short position at 3950, with a target around 3800.
Bitcoin and Ethereum Latest Price Trend Analysis: 11/2
2025-11-02 09:05:09
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