11.3 Zhang Lihui: Bitcoin Market Analysis and Trading Suggestions:

The weekend market continues to fluctuate and consolidate. The long position set by Lihui yesterday in the 68700-69100 range remains valid, and we are currently holding the position, with the stop loss placed below MA120. The strategy remains unchanged, continuing to enter long positions at lower levels. Next week may bring more news, and positive factors are essential. Many friends in the crypto community are asking about Ethereum, so let's discuss that below;

In the 1-hour chart, we can see that the Bollinger Bands are narrowing, and they are still converging. The lower band is also rising, and the current K-line is near the MA15 position. The upper resistance is at MA60, with the top pressure at MA120. In the MACD, the volume continues to increase above the 0 axis, although it is not very strong, the fast and slow lines have formed a golden cross at a low level, so we continue to look for a breakout above;

In the 4-hour chart, the Bollinger Bands are starting to expand, with the upper band rising. The top pressure is also at the MA120 position, which aligns with the 1-hour chart. The lower support is at the bottom trend line, which is in the 2450-2470 range. In the MACD, the volume continues to decrease below the 0 axis, and the fast and slow lines are converging. We need to pay attention to whether a golden cross can form; if it cannot, then the bears may take another wave down, allowing for further entry at lower levels;

The key point is whether the daily line can form a reversal and whether a W shape can be established. If the bottom trend breaks, it will continue to go short. Therefore, these few days are quite critical, and this position is also a good entry point. Of course, it should be a light position for trial entry, and just ensure to set a stop loss;

At 6:10 AM Beijing time on November 3, the editor suggests entering lightly below 2490, reserving the 2400-2420 range for additional purchases, with a stop loss at 2380; targets are set at 2520-2550-2580, and if it breaks above the 2585-2605 range, it can be held until around 2650;

There may be delays in article review and push notifications, and the market changes rapidly. Specific entry opportunities must be combined with real-time operations, and the article's suggested points are for reference only. Please do not operate with heavy positions, and ensure to set take profit and stop loss levels when entering. Take profits when the market is favorable!

I, Lihui, interpret global economic news and analyze major trends in the cryptocurrency world. During my studies in the U.S., I conducted in-depth research on BTC, ETH, LTC, DOT, EOS, BNB, SOL, and other cryptocurrencies. Friends who are unsure about trading are welcome to comment and leave messages!

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This article is exclusively published by (WeChat Official Account: Zhang Lihui) for reference only, and the risk is borne by the reader. May we remain humble and brave in the complex cryptocurrency world, unafraid of challenges and willing to explore. As the saying goes, "The road is long and has no ending; I will search high and low," I hope we keep pace with the times, absorb wisdom, travel thousands of miles, weather storms, and gain insights into life.

May you, under Lihui's guidance, leverage your strengths and avoid weaknesses, create value, and remember the market's baptism, staying true to your original intentions. In the wave of digital currency, may we hold onto our beliefs, forge ahead, and together compose a brilliant future, sharing the joy of success. Let us join hands and move forward together on this investment journey filled with challenges and opportunities, creating brilliance together!

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