11.2 Does the U.S. government shutdown negatively impact the cryptocurrency market? Where are the chip exchanges and key pressure points behind Bitcoin's market data? Is Ethereum's wild test of 3917 heaven or hell?

CN
11 hours ago

The essence of trading is survival, and only then comes profit. Therefore, before each operation, think carefully about whether your actions are reasonable and whether your capital is safe. You need to form a trading mindset that belongs to you, continuously optimizing and improving it. Although the suggestions from the crypto circle scholars may not make you rich overnight, they can ensure your continued presence in the market. Only those who survive in the crypto space for the long term and persist until the end can achieve the results they desire. I hope you understand this.

Don't forget, the darkest moments are often just before dawn. On the road to pursuing dreams, you are never alone; you still have me.

I am a warrior in the crypto circle, always protecting the retail investors. I wish my fans financial freedom by 2025. Let's work hard together!

Crypto Circle Scholar: November 2, 2025 Bitcoin (BTC) Latest Market Analysis

The current price of Bitcoin is 110,200. It is now 1:30 AM Beijing time. After multiple attempts to test the Fibonacci support line at 0.618, it has failed to break through effectively and is beginning to show a trend of correction. There is a high probability of another attempt to challenge the resistance level of 111,000. The EMA15 trend line has reached 110,966. For now, it can be held as long as the main force does not break 111,000, and proper risk control is maintained.

Before the publication of the daily K-line, the highest was 110,557 and the lowest was 109,350. The EMA trend indicator continues to show a downward alternating expansion of bearish momentum. The MACD shows a significant bottom divergence trend, and there is a high probability that the DIF and DEA will fall below the opening price of 109,350, forming a death cross. The daily K-line is blocked by the middle line of the Bollinger Bands at 110,400. The Bollinger Bands are contracting, indicating that both bulls and bears are converging, suggesting that there will not be significant market movements over the weekend, and volatility will be limited.

The four-hour K-line is consolidating at the bottom of the trend indicator. The EMA trend indicator is contracting, with the resistance point at the Fibonacci line of 0.618 at 111,000. The MACD shows bottom divergence and is moving upward, but the K-line is consolidating around 110,000. The upper Bollinger Band is focused on 112,000, with the middle line at 109,800. The KDJ death cross is being resisted and pulled back. The market has reached a critical pressure point; as long as the pressure does not break, the downward trend remains valid. If the pressure breaks, the upward movement will begin. Be prepared for both scenarios and ensure safety precautions.

Short-term strategy reference: The market is never 100% certain, so always set stop-losses. Safety comes first; small losses and big profits are the goal. Especially if key pressures and supports are broken, stop-losses should be executed without hesitation.

For upward testing points, 111,000 to 112,000, stop-loss at 500 points, target at 112,500 to 113,000, and if broken, look at 113,500 to 114,000.

For downward testing points, 111,000 to 112,000, if not broken, stop-loss at 500 points, target at 110,000 to 109,000, and if broken, look at 108,000 to 107,000.

Crypto Circle Scholar: November 2, 2025 Ethereum (ETH) Latest Market Analysis Reference

The current price of Ethereum is 3,895. It is now 1:30 AM Beijing time. Ethereum is once again testing the resistance point at 3,917. Whether it can break the high point still requires time to verify. Friends trading downwards must be prepared for defense and stop-loss; safety comes first. The essence of trading is survival. If you are right, hold; if you are wrong, stop-loss. Every machine in a factory has wear and tear when producing parts, let alone trading.

Before the publication of the daily K-line, the highest was 3,907 and the lowest was 3,828. The market is currently slowly rising, and it is possible that 3,917 may be lost. If it only consolidates, the next downward point will be near the EMA30 trend line at 4,030. The MACD bottom divergence trend is forming, indicating that there is potential for a market reversal. The resistance point in the middle of the Bollinger Bands is at 3,950. Overall, the trend shows that the pressure at 3,950 is effective, so holding temporarily while moving down is not a problem.

The four-hour K-line is impacting the EMA30 line at 3,907. The next resistance to watch is the 0.618 line at 3,917. The MACD is continuously increasing in volume, and the short-term slow rise in the market shows limited fluctuations, with several days of movement only in the tens of points. The Bollinger Bands are contracting, with the upper band compressed to 3,980 and the lower band raised to 3,745. Overall, there are continuous dual pressures above, making it difficult to stretch upward. Therefore, the downward testing is valid and can be held.

Short-term reference:

For downward testing points, 3,900 to 3,950, defense at 4,000, stop-loss at 50 points, target at 3,800 to 3,750, and if broken, look at 3,700 to 3,650.

For upward testing points, 3,800 to 3,750, defense at 3,700, stop-loss at 50 points, target at 3,850 to 3,900, and if broken, look at 3,950 to 4,000.

Specific operations should be based on real-time market data. For more information, please consult the author. The publication of this article may be delayed, and the suggestions are for reference only; risks are borne by the reader.

This article is exclusively contributed by the Crypto Circle Scholar and represents the scholar's unique viewpoint. In-depth research has been conducted on BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the timing of the article's release, the above viewpoints and suggestions may not be real-time and are for reference only; risks are borne by the reader. Please indicate the source when reprinting. Control your positions reasonably when trading, and avoid heavy or full positions. The scholar also hopes that all investors understand that the market is always right. If you are wrong, you should summarize where the problem lies. Do not let the profits that should be yours slip away. There is no need to be smarter than the market in investing. When a trend comes, respond and follow it; when there is no trend, observe and remain calm. It is not too late to act once the trend becomes clear. Tomorrow's success stems from today's choices. Heaven rewards diligence, the earth rewards kindness, humanity rewards sincerity, business rewards trust, industry rewards excellence, and art rewards passion. Gains and losses often occur unexpectedly. Develop the habit of strictly setting stop-losses and take-profits for each trade. The Crypto Circle Scholar wishes you happy investing!

Warm reminder: The above content is solely created by the author of the public account. The advertisements at the end of the article and in the comments section are unrelated to the author. Please discern carefully. Thank you for reading.

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