Old Lv from the crypto circle: After the waterfall decline of Bitcoin, the bull market still exists, and Ethereum may reverse and surge.

CN
2 hours ago

Hello everyone, I am Lao Lv. The market in the past few days has been very cooperative, hitting exactly where we point! Last night, we issued a short for Ethereum at 3570, which hit the mark again, with a straight drop to a low of 3054 USD. I originally planned to only watch for a drop of a little over 200 USD, but it ended up dropping nearly 500 dollars! However, I still want to congratulate our internal students. The situation yesterday was quite special because the price came in too late, so we internally suggested setting a take profit at 3350 USD. According to common sense, setting a take profit at 220 USD below the 3570 USD level, close to the support level, is reasonable. When I checked early in the morning, I couldn't help but slap my thigh, but there's nothing I can do; after all, health is the most important thing. At this age, I can't afford to stay up late anymore. Currently, I have officially returned and will continue to use a fee-based system without recommending any platforms. If there are friends who want to explore the crypto world together, you are welcome to join. As always, please share this article with fellow crypto enthusiasts who may need it, so we can warm each other up and not waste my efforts in writing. Thank you.

Having said that, let's review last night's market trends. We won't talk about Bitcoin for now because the price we provided yesterday didn't reach, so we missed the opportunity to enter. The focus is on Ethereum. In last night's article, I wonder if everyone noticed the small detail I mentioned. We provided a resistance level for Ethereum at 3580, but I set my short at 3570 mainly because I was worried that everyone would miss it. So, in my heart, I still care about everyone! Although the entry price eventually rose to around 3586. Calculating from this year's high in October, Bitcoin has dropped nearly 20,000 USD, and Ethereum nearly 2000 USD. At this point, I have to say: stop loss. In this round of decline, over 460,000 people have been liquidated! This confirms my saying: teaching people, you can't teach them; teaching things, they learn immediately. But if things teach people, what is the point? Besides stop loss, there's also your risk-reward ratio. Looking at our internal methods, stop losses generally won't exceed 50 USD. After the price moves down as expected, we continue to move the stop loss down and take profits in batches. But now, the market has changed, turning into the so-called harmful method of building positions in batches. Take Ethereum as an example: some people short at 3500, add to the short at 3570, set a stop loss at 3600, and take profit at 3400-3450. I just want to ask, how many lives do you have to play like this? Most people you see in the market are giving strategies like this, right? It might be worth thinking a little; without a 90% win rate, can you really make money? A true veteran trader needs to establish their own trading system, and my system can be completely replicated for you.

Bitcoin, pay attention today. Let's first look at the hourly chart, which has completely shown a very weak decline. Usually, we say that in a very weak market, the rebound should not exceed 0.382 on the hourly chart. In the short term, it has already exceeded the oversold rebound. After the double bottom test at 98888 in the morning, the price slowly rose and broke the high. In the short term, it has shown strength, but from a larger cycle perspective, the bearish trend has not changed. Strictly speaking, it is now a situation of competition between bulls and bears. For the bears, the daily big bearish candle is suppressing the price, so even if you are bullish, there is no need to rush to chase long positions. It is recommended to wait for the price to pull back to a suitable level. I expect this price to be around 100600-100800. Since it is currently uncertain whether the hourly chart at eleven o'clock will continue to refresh the high, we will first estimate the range for the price. The specific price will be prompted during the trading session. Similarly, Ethereum follows the same principle. We will see if it can pull back to a suitable level between 11 PM and 12 AM, and then continue to follow up on long positions, using the second rise after the price peaks and falls as our support point, which is around 3176 USD. In short, adhering to the principle of not rushing in, remember to manage stop loss risks, especially in such a bearish trend! Tonight's guiding principle: better to go long than short, quietly wait, better to miss than to make a mistake.

Go long at around 100600 for Bitcoin.

Go long at around 3176 for Ethereum.

Today: Written by Lao Lv at 11 PM on November 5, 2025. Note that all strategies are effective once and cannot be reused! Follow the WeChat public account: Please call me Lao Lv from the crypto world.

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