Good evening everyone, I am Master Jiang Xin. The results over the past few days have been great, and most people should have felt it. Yesterday, I suggested shorting at 106800 and adding at 107500, which the market reached. The turning point for Ethereum at 3650 was also very beautiful, and during the night session, I took the lead and shorted. Several segments were rolled over and proportionally entered the large range.

Below are the spaces I entered from 3850 in the morning of November 3 and today. A round of segmented shorting filled the range well, from the fish head to the fish tail, and then flipped to eat a segment of the fish body.

Let's briefly review: Bitcoin rebounded to 108000 during the night session on November 3 but was hit by bears, crashing to the support at 105200 by eleven o'clock at night. As of noon today, the consolidation has been operating around this bearish candle's range. The first two candles rebounded sharply, while the last few showed an alternating pattern of bullish and bearish candles of varying sizes, indicating a purely confrontational trend. The KDJ, RSI, and MACD lines are all closely intertwined at low levels, showing significant market divergence and indecision. Until noon, when the three indicators formed a dead cross, Bitcoin dropped directly from 106500 to around 103800. If you looked at yesterday's thoughts, you should remember that this was the position I gave yesterday.

The rebound during this segment is very weak, and the market has formed a series of bearish candles, but the volume and price are beginning to diverge, indicating that a new round of competition and struggle is about to begin. The key positions in this process are 106500, 104800, and 103500.

For the future market, we will still focus on shorting from high positions. I suggest shorting at 105200, adding at 106500, and setting a stop loss at 107459.

Currently, Bitcoin is consolidating and fluctuating around the range of 101200-106500. A new round of rebound can be entered at 102500-102800, with an addition at 101800. Let's first focus on making waves around the fluctuations.

If we follow yesterday's rebound layout, the afternoon's operation can be done without loss. Let's proceed this way for now. It's still better to be conservative. Yesterday's short positions performed very well, and everyone should be aware of that. As for the positions I provided for consideration, those who entered early without considering them should have been hit hard.

Now let's take a look at Ethereum. Its first segment rhythm is almost identical to Bitcoin's, but the process involves a series of bearish candles against bullish candles. The second segment's rhythm shows signs of consolidation and repair, while Bitcoin is probing downwards. After all, the sharp drop is also a factor. Key levels to pay attention to in this process are 3725, 3675, 3645, 3545, and 3488. In the future, we will handle the waves around these segments in conjunction with market sentiment.

I suggest first making a rebound before shorting. Let's handle the large range of 3420-3650. If you remember the black swan event from last week, you know that in extreme market conditions, Ethereum has been moving in a large range. For intraday trading, go long at 3480, add at 3440, set a stop loss at 3400, short at 3580, add at 3625, and set a stop loss at 3660.

Yesterday's post was too lengthy and was retracted at noon today. The market changes rapidly, so stay in touch with Jiang.

You may consider following the public account: Jiang Xin on Chan.

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