Sunday, November 2

From the 4-hour K-line perspective, there has been a one-sided decline to the lowest point of 106200! A slight upward trend has emerged but is slowing down around 11w, forming a short-term oscillation trend.
After completing the oscillation repair on Saturday, the hourly trend has changed from a decline to an increase, forming an upward channel. There is a need to break through the key resistance zone from early Sunday to Monday. If it stabilizes in the 110700-111200 area, it will completely reverse the downtrend and accelerate the rebound. However, there is a risk of not stabilizing above 110,000 at any time, which should be a short-term pullback. It is recommended to maintain a good defense for short positions at high levels here! It feels a bit like a trap for bulls!
If operating, it's better to be conservative.
1. 109300-108800 in batches, target 110700, if it breaks, push protection to 111200; if it firmly stands above 111200, it can be held until 112000.
2. 110700-111300 range, target 109500~109000
#比特币行情分析