Cryptocurrency Circle Liying: Can the strong support at 11.1 hold the last hope for the bulls? Latest market analysis and trading suggestions for Bitcoin and Ethereum.

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Li Ying in the Cryptocurrency Circle: Bitcoin Latest Market Analysis on November 1

Article Published on 2025.11.1------01:30

The current price of Bitcoin is 109,200. Li Ying assesses that there is a clear downtrend for Bitcoin, with technical signals indicating that bears are in control. The "Evening Star" pattern combined with the death cross of the moving average system creates a strong bearish resonance. The price is below all moving averages and in a bearish arrangement, suggesting that the market may continue to face pressure in the short term. The daily chart shows a trend of oscillating downward, while the 2-hour price has gradually stabilized after a high-level pullback, but the rebound strength is limited. There is a possibility of a short-term rebound in the MACD on the 2-hour chart. The price is currently close to the EMA7 in a bearish arrangement. If it breaks through the pressure around 109,000, it is expected to further test the 110,000 psychological level. Li Ying continues to maintain a strategy of shorting on rallies.

Short-term Strategy Reference:

  • Long Entry at 107,000, Stop Loss at 106,500, Stop Loss 500 points, Target 108,500
  • Short Entry at 109,500, Stop Loss at 110,000, Stop Loss 500 points, Target 107,000

Ethereum Latest Market Analysis

Before publication, the current price of Ethereum is 3,827. Li Ying observes that Ethereum is currently in a low-level bottoming phase, with prices approaching a strong support level of 3,671. The trend indicators still show a bearish arrangement, and the death cross signal indicates that the overall trend is leaning downward. There are certain contradictions in the technical aspects, with the daily chart oscillating in the 3,800-3,900 range without breaking the previous high of 3,948, showing an overall weak rebound pattern. The 2-hour downtrend currently favors bears. The MACD on the daily chart shows weakening bearish strength but has not yet turned strong, while the 2-hour chart is slightly weak. The EMA on the daily chart shows an overall bearish trend, and the 2-hour chart is difficult to break through effectively in the short term. Li Ying still suggests that effective shorts can continue to hold for further downside.

Short-term Price Reference:

  • Short Entry at 3,900, Stop Loss at 3,950, Stop Loss 50 points, Target 3,750
  • Long Entry at 3,750, Stop Loss at 3,700, Stop Loss 50 points, Target 3,900

The above content is exclusively original by Li Ying. Please indicate the source when reprinting! There may be delays in article publication review, and market conditions change rapidly. The above suggestions are for reference only, and risks are borne by the reader. I hope Li Ying's insights will be helpful to you!

The content of the article is time-sensitive and for reference only; risks are borne by the reader.

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