Old Lv from the crypto circle: Bitcoin's ups and downs have led to losses for both bulls and bears, while Ethereum should focus on the strong resistance at 3650 in this round.

CN
5 hours ago

Hello everyone, I am Lao Lu. Just yesterday, Tesla's trillion-dollar compensation plan was approved, with one condition: the market value must reach 8.5 trillion in ten years! To be honest, this does seem a bit exaggerated, but upon reflection, Tesla has already laid out its plans in new technology fields like space exploration and artificial intelligence a decade in advance; it just hasn't reached the industry's explosive growth period yet. So, ten years from now, a market value of 8.5 trillion doesn't seem like a joke. In contrast, Nvidia went from 10,000 to 50,000 in just six years. Everyone should have seen this year's 155 plan, which still focuses on technology, meaning that the opportunities for ordinary people to create wealth are becoming increasingly scarce. Meanwhile, the current economic environment, akin to boiling a frog in warm water, is just helping everyone adapt in advance rather than suddenly adjusting!

Some may wonder why Lao Lu suddenly talks about technology and its relation to the crypto market. The continuous rise in global industry market value means a constant increase in personal wealth. Should we place these balances under the wrath of the masses or in a place that goes unnoticed? Currently, this currency value has already become a game that ordinary people cannot participate in, but for trillion-dollar wealth, 120,000 might just be the starting point for a rise ten years from now. If you can understand or attempt to grasp what Lao Lu is saying, then feel free to save this; we will meet again in ten years!

In the past few days, the competition between dual currencies has been exciting, with the ups and downs looking thrilling, but in reality, it's quite difficult, especially for those who like to operate frequently. Even if luck strikes once or twice, it will soon fade away, or they may even get stuck deeply, just as Lao Lu mentioned in the previous article: in a volatile market, chasing positions is the worst mistake. If the position is not good, it’s hard to profit, and eventually, it will all come back, but the process is painful, so chasing positions is basically hopeless. I wonder if the value of this statement is increasing; in fact, the title says it all: beware of Bitcoin's back-and-forth sweeping. Therefore, every time you check the article, it’s worth pondering the title. This is also why Lao Lu has been repeatedly reminding everyone these days to watch more and act less, and not to take action until reaching a critical position.

Ethereum has rebounded again under the strong support level of 3,215 USD. This rebound has broken through the previous high of 3,480 USD, but it hasn't fully stabilized on the four-hour level yet. Therefore, from the current pattern, it doesn't belong to the extremely strong category. On the daily chart, it has just managed to stay above the five-day moving average. So, from an overall structural perspective, it is still in a consolidation phase, which means that operations still need to be timed. If the timing is off, the probability of stop-loss is quite high, as everyone is likely aware of the price movements in recent days. Today, we will start from the 9,191 point of rise. The hourly chart has already shown nine consecutive bullish candles, indicating strong momentum in the short term. For intraday trading, these strong bullish candles provide reasons to continue to pull back and go long, especially since the previous decline has tested the current support level of 3,215 USD. Whether on the daily or four-hour level, the bullish candle's body is firmly above 3,215 USD. Today, we only need to focus on one resistance level, the range of 3,620-3,650, which is also our final target for bullish sentiment. After this round of increase, whether to short at this position or at what specific price to short, Lao Lu will inform all students, no need to worry too early. Today, we need to pay attention to three points, mainly looking at the afternoon's pattern.

  1. After 5 PM, if the price continues to refresh the high points, even approaching 3,550 USD, then after a pullback between 6-10 PM, we should aggressively go long, continuing to look at the 3,620-3,650 range, and the pullback entry point should not be lower than 3,400.

  2. After 5 PM, if the price does not continue to break the high but instead the hourly chart continues to pull back, we will focus on the support around 3,310 USD, and once it reaches that level, we will continue to go long.

  3. Pay attention to the strong resistance near 3,650, which belongs to a major level of resistance and overlaps with three technical points. If there is an opportunity to reach this level, we will analyze it in detail.

All the details and possibilities have been consolidated by Lao Lu, with the key being the price movement after 5 PM, which will determine the overall direction for today.

Bitcoin is quite interesting today; while Ethereum keeps rising, Bitcoin keeps falling. The hourly charts show completely different patterns, and I believe it will still be a washout situation, sweeping up and down! If you want to continue the struggle, you can try the range of 100,300 to 106,400; otherwise, don’t get involved in the middle positions, as it will be uncomfortable for anyone who does. I won’t go into the specific technical aspects; it’s just a matter of oscillation. Up and down sweeping is not something I just mentioned today; I started reminding everyone about it the day before yesterday, even before the price moved out, and the day before yesterday should be considered a key reminder.

Today: Written by Lao Lu on November 8, 2025, at 1:26 PM. Please note that all strategies are effective once and cannot be reused! Follow the WeChat public account: Please call me Lao Lu from the crypto circle.

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