Still struggling in front of the Candlestick Chart? Are those fluctuating candlesticks making your eyes sore? Remember, if the direction is wrong, no amount of effort is in vain! This is an iron law bought with real money in the ever-changing crypto world! The market on Tuesday morning was again swept by short positions; currently, the short positions are in full swing, with BTC continuously breaking key support levels. After being pressured from the morning high of 117,271, the shorts formed a continuous acceleration in a plummet at midday, currently dipping as low as 104,125. Ether's movement is similarly consistent, starting from a high of 3653 and also forming a rapid waterfall decline at midday, currently dropping to a low of around 3476. Throughout the morning, multiple layouts around short positions were made, whether short-term or swing trading, all those who followed were perfectly rewarded. The short position around BTC at 116,500 was precisely taken profit at 115,000, netting a profit of 1500 points. The short position near Ether at 3625 had a take profit of 3500, netting 125 points. Investing requires a complete set of ideas and methods; it's not just blindly cheering every day, chasing rising prices when it goes up and chasing short positions when it falls. Randomly acting without a plan will not work. Follow the seasoned ones and experience a different charm of the crypto world.


From the daily chart perspective, the market has consecutively closed with large bearish candlesticks for several days, forming a typical consecutive bearish pattern. The bearish candlesticks exhibit a clear stepped downward characteristic, indicating strong bearish forces. Although there was a momentary rebound during the short-term, the final long upper shadow fully exposed the market's weakness. In terms of trading volume, the volume during the rebound was significantly insufficient, while the decline was accompanied by increased volume, further validating the dominant bearish market structure. All short-term moving averages have shown a bearish arrangement, the MACD indicator continues to diverge below the zero axis, and the KDJ indicator has also entered the oversold zone but has not shown any obvious turning signs. From a technical perspective, the market is still in a clear downtrend. Unless there are significant positive news stimuli in the short term, this bearish-dominated structure is unlikely to change, and our high short operation strategy during the rebound remains unchanged.
On Tuesday, BTC rebounded to 105000-105500, which can be shorted, with the initial target focusing on 103500.
Ether rebounds near 3550 can short, target关注3450-3400.
#PI #BTC #ETH
BTC-0,13%
ETH-0,01%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 2
  • Repost
  • Share
Comment
0/400
GateUser-407c4856vip
· 2025-11-04 08:14
The crypto world is a place for playing people for suckers, affecting the quality of life, and it's not a place to stay.
View OriginalReply0
GateUser-61c00236vip
· 2025-11-04 07:52
so where do you think we bottom out from here. or we are in an official bear market for btc
Reply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)