Monday, November 8th, Bitcoin and Ethereum Latest Trading Strategy:

From the current perspective, a bullish engulfing pattern has emerged recently, almost recovering all the losses from prior pullbacks. Although Bitcoin's performance appears slightly weaker compared to Ethereum's recent strength, the current structure and trend indicate that there is still potential for further upward movement.

From the 4-hour chart, the price action is showing a step-like upward movement around the middle and upper bands. Currently, the price is once again above the upper band, with all technical indicators demonstrating a steady upward trend. Bullish momentum continues to accumulate, and the single-direction trend is very pronounced; future positioning should continue to focus on low longs.

Bitcoin: around 118,000, with support at 117,400 and a target of 120,000-122,000.

Ethereum: around 4,200-4,170, with support at 4,300-4,380.