Market Analysis for November 3, 2024

Bitcoin Daily

Resistance level around 70000

Support level around 68500

Yesterday, the weekend market fluctuated very little, which was in line with expectations. It was not recommended to trade yesterday. The daily close was a small doji, and a death cross formed at the daily level, suggesting there should be a correction; it just depends on the strength of the pullback. The major support level is placed near the lifeline of 67200, and today's support level is set around 68500. Since today is the weekend, the fluctuations may not be too large. If there is a rebound to the resistance level near 70000 today, a short position can be considered. In terms of news, the US election is approaching, creating too much uncertainty, so positions must be well controlled. Do not be greedy. When there are profits, regardless of long or short, it is important to secure them. Wishing everyone a pleasant weekend [拳头][拳头][拳头]

Ethereum Daily

Resistance level around 2540

Support level around 2450

Yesterday, Ethereum's fluctuations were also not too large. Overall, it was in line with expectations, hovering and oscillating around 2500. Today's pressure level is set at the lifeline of 2540, and the support level is around 2450. If there is a rebound to the resistance level near 2540 today, it may be worth attempting to take a short position. The larger trend is still expected to oscillate between 2400-2800. Those without long positions can consider taking a long position near the support level. Until the election is determined, there is still too much uncertainty, and at this time, one must not be greedy. If there are profits, it is best to exit, or wait until after the election to determine the direction before trading. Wishing everyone a pleasant weekend [拳头][拳头][拳头]

The above information is for reference only and should not be considered as investment advice.