∴Bitcoin's rebound yesterday ran around the 110k mark as expected, but the reality of the weakening rebound strength cannot be ignored. The current price hovers around 110,200 USD, and the market is facing a critical decision point. From a technical perspective, the upper resistance has begun to slowly move downwards, forming a barrier that is difficult to surpass. If the price cannot hold above 110,000 USD, it is likely to test the intraday support level again. On the short-term hourly chart, the market's rebound repair has not formed an effective stabilization. The trend continues to fluctuate along the five-day and ten-day moving averages, currently clearly constrained by the pressure of the thirty-day moving average. This technical formation indicates that there is a significant divergence among market participants at the current price level. If there is no effective breakthrough and stabilization in this area, the likelihood of further price declines will increase. The current market volatility is relatively low, with intraday gains of less than a thousand points, forming a typical Bull vs Bear Battle situation. In this fluctuating repair market, blindly chasing rising prices before an effective breakout poses significant risks. A prudent trading strategy should focus on counter-trend short orders, and only consider Light Position follow-up after a clear breakout. The key resistance area above is around 112,000, while the downward support should focus on the 108,200 mark.

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Ethereum tested the $3900 level for a rebound during the day, but the price repeatedly attempted to rise only to end in pullbacks, indicating strong resistance in this area. Analyzing recent trends, the 4-hour chart shows that Ethereum quickly rebounded after hitting a low of $3680 on October 31, forming a distinctive long lower shadow. This pattern clearly indicates strong buying support below $3800. The upper shadow is evident (as seen in the high of $3909 on November 1), clearly showing that an effective selling pressure zone has formed in the $3930-$3980 range. In terms of technical indicators, the daily MACD is still operating below the zero line, and the overall trend has not fundamentally reversed. In the moving average system, the price continues to be under dual pressure from the 4-hour EMA30 ($3907) and EMA120 ($3991). Currently, only the 7-day moving average ($3875) can provide temporary support, and the market remains in a critical Bull vs Bear Battle stage. Without breaking through the key resistance above, there remains a possibility of further decline. The trading strategy should maintain a focus on counter-trend short orders, but it is essential to closely monitor the defense of key support levels. Any effective breakthrough must be accompanied by an increase in trading volume to confirm.
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Although the current market environment is generally leaning towards a downward trend, there is still room for a rebound test in the short term. This complex market environment requires investors to adopt a more cautious trading strategy. Bitcoin and Ethereum are currently at a critical technical decision point, and a breakthrough from either side could trigger a trend. In these market conditions, setting clear risk control measures is especially important. The market is always looking for direction amidst uncertainty, and the current state of balance between bulls and bears will not last long. Once a breakthrough occurs in one direction, the subsequent trend will accelerate. For cautious investors, it is wiser to wait for the market to establish a clear direction before taking action, rather than frequently trading in a volatile market.