$ETH 2025-11-23, it's Sunday, generally, there will be market movements either in the afternoon or evening on Sundays. The key point to note is that trends usually emerge after a pin bar loss on Sundays, so it's better to be patient and wait for the pin bar to enter the market. In the morning, the market will generally continue the box fluctuation from yesterday, between 2700-2800. As for the trend, there's no need to guess; if you currently have short positions around 2800, hold them and don't close. When it reaches around 2700, you can open a long position to hedge and lock in your positions, then see how the trend confirms which way to go. Right now, the recovery strength is obviously insufficient. Fortunately, Bitcoin has now dropped to a retracement support level. As long as it can break through the upper resistance of the bar channel in the next two days, it is expected to start a deep correction. For the main upward wave, it may take some time; if we want to break 5500, we should at least consolidate in a range for 1 or 2 weeks or even longer to achieve the goals of deep washing and bottom accumulation.
Summary: In the afternoon, before the pin bar, continue to maintain the 2700-2800 box fluctuation for trading. After confirming the trend with the pin bar, enter the market or directly hedge with positions at 2700-2800 to lock in positions and wait for trend confirmation to close one side. Focus on observing the breakout situation of support and resistance levels. Do not hold onto positions; whether up or down, it may be quite fierce, and holding positions will likely lead to losses.
Resistance levels: 2800-2835-2885-2950-3070 (If 2885 breaks and stabilizes, we can tentatively look for around 3200-3300 to see if the main upward wave starts, but further observation is needed.) Support levels: 2700-2620-2500 (Currently, the key support at 2750 has failed. If it breaks below 2700, bulls need to consider exiting the market. The ultimate defense level is 2595; if this breaks, it undoubtedly indicates a deep correction in the bull market. For 2620-2250-1800, any of these strong support levels need to show a consolidation of more than a week to signal the imminent start of the main upward wave.)
$ETH 2025-11-22, it's Saturday again, not much volume, easy to get caught in a spike loss, let's take a day off, if you're really itching to trade, consider it a small range to trade the short side 2700-2800, I suggest leaving 50 points space above and below to prevent spikes, basically that's it, Saturdays are generally narrow consolidations, wait until tomorrow afternoon or evening for a trend to emerge, there should be a pullback northbound, at that time we'll see the breakout situation around 2890 before deciding, that's basically it, meeting adjourned.
Intraday short-term range: 2700-2800, leave 50 points space above and below to prevent spikes, generally no major breakthrough or breakdown today, let's wait for tomorrow to discuss.
$BTC $ETH 2025-11-21, last night still failed to break through the upper limit of the downward channel, but it is important to note that the wave of large pancakes and second pancakes in the early morning both touched the lower limit of the large cycle downward channel and received effective support to start rebounding. Today happens to be Friday, and from the timing perspective, it is just right. By tomorrow (Saturday) morning at 5 o'clock, the recent lower limit of the downward channel + the lower limit of the large cycle downward channel + the expected target of the five waves will converge around 2750. Therefore, today we should pay close attention to whether it can break through the recent upper limit of the downward box, which is above 3000. If it cannot break through, it is likely to continue moving downwards in the box tonight, reaching the 2700-2750 range in the form of a spike by tomorrow morning, completing the five-wave target before quickly pulling back to start forming a bottom repair pattern. At that point, we only need to observe the strength of this spike and the degree of recovery, as well as where the horizontal consolidation is on Saturday. Generally, it drops all night on Friday and quickly recovers after the spike on Saturday morning, starting to form the bottom repair pattern. This time, where the horizontal consolidation is on Saturday to form the bottom pattern is crucial. If the spike returns quickly to above 2800 to consolidate for bottom repair after reaching around 2700, it will be much safer. If it recovers to around 2750 for bottom repair, we still need to watch the subsequent trend.
Summary: Observe whether it effectively breaks through the upper limit of the downward channel today. If it can effectively break through and successfully stabilize above 3070, it can be held for a good risk-reward ratio. If it encounters resistance and falls back or fails multiple attempts to break through within 2950-3000, it is likely to continue the downward channel and fall to tomorrow morning.
Resistance levels: 2890-2955-2985-3000-3070 Support levels: 2850-2830-2800-2750-2700
$BTC $ETH 2025-11-20, yesterday this wave of bottom exploration arrived as expected. Currently, the large orders between 2850-2900 have basically been filled, and those that weren't filled have been directly canceled, indicating that the main force has the intention to switch from short to long. Today is very critical, focusing on the breakthrough situation of the resistance level. If it breaks through, it may initiate a relatively strong rebound, but whether it starts a main upward wave still needs further confirmation, as the target for the fifth wave is 2700, which has not been reached yet. However, from the perspective of Bitcoin, it has already formed a bottom pattern that is about to rebound after a second bottom exploration. Therefore, today we will focus on which direction it will actually move. If it goes directly north, we can wait for each key resistance level breakthrough and confirm the long-short conversion before entering or adding to positions, initially looking around 3350. If it breaks through and stabilizes smoothly, we will consider whether to hold longer based on the situation. If it continues to go south, it will need to test 2700, as a similar situation has occurred before. Although there are hundreds of millions of buy orders at 2850, it does not rule out that the main force will allow it to go down to 2700, complete the five waves, and then quickly pull back above 2850. In summary, today is quite critical, and we must pay attention to observation. If you don't have any positions, it's best not to enter the market for now. Those with long positions can consider hedging and locking in positions, setting stop losses above 3120-3150. If it breaks through, long positions can be held longer.
Summary: Today is quite critical, with the possibility of reversal. Those who haven't entered the market are advised to wait and observe for trend entry or to take light short positions, but the loss probability is relatively high.
Resistance Levels: 3070-3120-3150-3240-3350 (If the 3070-3120 resistance level fails to break through, the downward trend will continue. If 3120 successfully breaks through and stabilizes, long positions can continue to hold after confirming the rebound. Those who haven't entered the market can try light short positions with stop losses.) Support Levels: 3000-2950-2900-2850-2700 (If 3070-3120 fails to break through and continues south, today we will focus on several support levels. There were nearly 1 billion buy orders between 2850-2900 yesterday, indicating that the main force's short positions are starting to take profit. However, further downward exploration is still possible. This position is a gap at 2850, which once lost, the range currently shows no obvious support, so there is a possibility of a direct plunge to 2700 to complete the five-wave target and then retrace above 2850 to start consolidating for bottom repair. Position management is crucial.)
$BTC $ETH 2025-11-19, yesterday a wave of short-term rebound just reached the intraday retracement pressure level, then three probes to the top provided a short-term top pressure level. Currently, it is still operating within a fluctuating downward channel, about a 200-point range. Each time a rebound confirms the top, the right-side short target is 200 points. Each time a bottom rebound confirms the bottom, a right-side short position can be taken, with the same target of 200 points. However, the risk of hitting the stop-loss for the short position is relatively high. If being conservative, it is recommended to only take short positions during rebounds for a higher win rate.
Summary: Those being conservative can sell short relying on 3180-3200, or wait for a confirmation after breaking below 3050 to enter a breakout short position, with a stop-loss at 3190-3250.
Resistance levels: 3170-3190-3220-3250 (Pay close attention to whether 3170 breaks. If it breaks, do not chase the long position. Instead, observe the subsequent positions and make a rebound short if a pin bar forms. The liquidity at 2850 will definitely be targeted, so it shouldn't be a direct surge.) Support levels: 3070-3030-2990-2950-2850 (Each time it reaches the bottom of the downward box, it generally spikes 50-100 points. So if it doesn't break through 3170 today, the next wave of retracement bottom position will likely be around 2900-2850.)
$BTC $ETH 2025-11-18, currently in a state of box entity breakdown, observe the situation of 3050 breakthrough next. If the 3050 breakthrough fails, the downward trend confirms that the empty position can continue to hold. Bitcoin has already fallen to the target point of the fifth wave, and the second coin has the possibility of directly falling to 2700 before starting bottom repair in advance. It is recommended to observe Bitcoin; if Bitcoin breaks below 91 or even 90, then we need to consider the possibility of a deep correction. The second coin may go to around 2250. If 3050-3070-3100 have no resistance and successfully break through, continue to trade according to the downward channel. If a pin is formed between 3160-3200, you can enter the market to continue shorting, with a stop loss on a 1-3 point pullback.
Summary: Observe the breakthrough situation of 3050-3070-3100; if all break above, look at 3160-3200 for a pin to enter short.
$BTC $ETH 2025-11-17, the box has not yet broken, this morning it dipped south, and is currently back within the 3050-3250 box. Next, we will focus on the breakthrough situation at 3250. If it breaks and stabilizes, we will go long; if the breakthrough fails, we will continue to short. Currently, the daily line has confirmed a downtrend, and considering the timing, it may be difficult for this wave to pull back north to 3650. The 3400-3450 range may face strong pressure and drop again, then directly fall to 2700, expected to complete five waves before consolidating to form a longer bottom repair. If this trend continues, there is still a good chance of initiating a main upward wave in December to reach new highs.
Summary: Still observing the breakthrough situation at 3050-3250. It is not recommended to place left-side orders, as the probability of a false breakthrough due to a dip is relatively high. For example, this morning, there was a dip of 50 points, and those who placed high-multiplication orders at 3050 would also be hit. It is better to enter the market on breakthrough orders or after a failed breakout. Also, absolutely do not jump in midway; the success rate is very low.
Resistance levels: 3230-3250-3275-3300 Support levels: 3150-3070-3050-3000 (integer key levels, strong support, this must not be broken, equivalent to the 95 of the big pie; if it breaks and stabilizes, it is highly likely to go to 29 and then directly to 2700)
$BTC $ETH 2025-11-16, currently still in a bottom repair market, gradually raising the bottom, still the box range of 3270-3070 mentioned yesterday. Just wait for a breakout and retest confirmation before entering on the right side. The two positions of 3050-3300 are relatively clear long and short conversion points. Conservative traders can also wait for trend confirmation at these two positions before entering. This afternoon or evening should see some movement. Currently, there is a higher probability of a pullback to 3650 from the north. The probability of directly breaking down to 2700 is not very high in terms of time, as there is plenty of bearish fuel above. If it directly breaks down above the previous low, most retail shorts that have accumulated recently will start taking profits. In terms of time, it should pull back. However, whether it can reach 3650 is hard to say. I feel it might spike and then quickly fall back to around 3590, and then start a fluctuating decline.
Summary: Currently at a critical long-short watershed position, with a space of 500 points up and down. In terms of time, it is expected that the bears will be cleared to the north before heading south to the target of 2700, which has a slightly higher probability than directly breaking to 2700. Today, focus on observing the two positions of 3050-3300. This position is not very recommended for trading. Generally, there will be a spike loss before the market starts in the afternoon or evening. Instead of risking a stop loss, it’s better to be patient and wait for the opportunity to enter on the right side. The most ideal entry position is to confirm not breaking while pulling back near 3050 before entering.
Resistance levels: 3200-3270-3300 Support levels: 3120-3070-3050
$BTC $ETH 2025-11-15, has begun to repair the bottom in advance, there isn't much volume on the weekend, so generally no trend will emerge. A trend may only appear tomorrow afternoon or a bit later. Today can be treated as a small range to capture some swings, 3070-3270, a small range of 200 points, good news can also lead to profits. The only thing to note is that low volume on weekends can easily cause spikes and losses, holding both positions is a bit more stable, long at 3070, short at 3270, confirm each rebound before entering, just set a stop loss of 1 point to prevent spikes.
Summary: Low volume on weekends, if you're really eager, play lightly and casually within the range and capture swings. You can enter again when a trend appears tomorrow, no need to rush, there is about a 500-point space up and down, so don’t worry about missing out.
$BTC $ETH 2025-11-14, the positions given these days have been relatively clear, and I don't know if you guys have had the chance to benefit from it. Currently, it seems we have reached the bottom of the range, and I feel it is unlikely to break through directly. However, we cannot rule out the possibility of a direct breakthrough, as today is Friday. It is possible to drop directly to 3050 and then rebound to make a bottom repair over the weekend. If it breaks through, then the range will expand to 3050-3650, and it shouldn't drop directly below as it's only mid-month. Still, as I always say, every time there is a drop, we aim for the five-wave target to take positions. If you can't hold, you can take partial profits or follow up with stop losses to hold a bit longer. Every time we break through key support, we just need to come back.
Summary: Currently, we have reached the expected range bottom of 3150-3650. Next, observe whether there is a second bottom confirmation. If the double bottom confirms that 3150 support is valid, we can go long with a target of 3400-3650. If we see a close around 3400-3420, it should consolidate between 3150-3400 for a bottom repair in the next couple of days. Late Sunday or Monday should attempt a breakthrough again. If successful, we will see a volatile upward move back to the top of the range around 3650, trying to break through 3680. This mainly depends on timing; if it's around the 20th, it’s likely not to break, and the next wave down will be faster and stronger, continuously dropping to the end of the month to complete the five waves before making a long-term bottom repair and starting the main upward wave. When the breakthrough of 3680 is truly effective, the main upward wave will basically start, targeting 5100-5500, but I estimate it might be next year as it may pull back around 4800-5000 before attempting a breakthrough, unless there are major positive developments in December, then it could start in December.
Big pie range: 98000-107500 (five-wave target 91000→83000) Second pie range: 3150-3650 (five-wave target 2700→2250)
$BTC $ETH 2025-11-13, still the same as yesterday. In the range, I mentioned yesterday that if the price closes between 3480-3595, you can enter. I don't know if you entered, but I made a good profit this time. Yesterday, in two hours, I directly flipped my position. Today, the price range is still around 3480-3550 for closing; I do not recommend placing orders on the left side because we are currently above the midpoint of the range, and there is a possibility of continuing to push towards 3680. Placing orders on the left side might require you to hold a loss of a couple of hundred points, which is not worth it. It is safer to wait for a closing signal on the right side to enter. Even if there is a quick spike, a few dozen points of profit is not a big deal. Additionally, there has been frequent sideways movement recently. Unless you have a very good stop loss, such as a short position above 3700, I recommend closing positions directly at the bottom and taking short-term profits. The market has reversed several times in the past few days, so now every time it hits a key level and meets resistance, it's best to take profits directly.
Summary: Still trading in the range; it should continue until the end of the month. Once the range of 3630-3680 stabilizes, it will start to trend upwards. However, there is a high probability of false breakouts. As I said, do not place orders on the left side. If today's daily candle intends to close below 3400, starting the second half of the range's fluctuations, there should be a long spike upwards to clear the leverage, so make sure to enter on the right side.
Big range: 98000-107500 (Five-wave target 91000→83000) Second range: 3150-3650 (Five-wave target 2700→2250)
$BTC $ETH 2025-11-12, yesterday I suggested everyone to do breakthrough trades or to make trend trades on breakthrough failures. Yesterday, after waiting all day without seeing any signs from the north, I directly entered a short position and went to sleep. Today, this 3-day line is very important. If it continues to move south, it indicates that the fifth wave of decline is about to start. However, considering past experiences, the time for this sideways consolidation is not sufficient, so it might be better to treat this range as a box area of 3650-3150, lasting 2-3 weeks, and then the fifth wave of decline will start, temporarily targeting around 2600. However, the five-wave pattern might end early before reaching this position, so I suggest that every time it touches the top, aim for 2600, and every time it touches the bottom, aim for a new high. But if there are key resistance levels encountered along the way, take some profits and let the remaining position aim for a breakthrough. As for Bitcoin, the current level is relatively clearer, while the altcoin still remains in a following state. Therefore, moving forward, we might focus mainly on Bitcoin and just trade the altcoin accordingly. This way, it will be simpler moving forward; just trade according to this box, and it should oscillate widely until the end of the month or even early next month. It will only recover once it breaks out of the box top or the fifth wave completes its southward spike.
Summary: For now, treat it as a wide box to trade, 3150-3650. The top is basically confirmed, but the bottom needs one more wave down for confirmation. As long as this bottom test is confirmed, the validity of this box can be established. Then for the next half month, just trade according to the box, and wait until the end of the month to observe where it goes. Based on the current market situation, it should just reach the top by the end of the month and then attempt to break through 3680. However, unless there is some positive news, it is likely to be a false breakout, followed by a waterfall decline completing the five waves and then consolidating at the bottom. Various positive news will start to drive prices up in mid to late December, and the speed of the rally should be quite fast.
$ETH 2025-11-11, The secondary market is stabilizing. Next, we will continue to focus on the secondary market. Yesterday, I mentioned that the range is 3480-3680. Last night, there was a round of decline that did not break 35 and was directly pushed back, and a rebound occurred to raise the bottom. Now it has returned to the midline position of 3580, which can be viewed as a transition point between bullish and bearish. The suggestion is not to open positions here, but to patiently wait for it to show a trend. If it breaks above 3580, we can look towards 3680. If it makes a false break and then returns, we can consider a short position towards 3480 first. Half of the position at 3480 can be closed to secure profits, and the remaining can be held for the possibility of a breakdown, but the probability should not be large. There has been too much capital inflow in the past two days, and the data shows that it is consolidating at the bottom.
Summary: 3480-3580-3680, for now, we can focus on these three positions as a range. Only trade from the right side, and strictly enforce stop-losses, as every breakout or breakdown could signify a trend change or a false spike. There is also support at 3350 at the bottom, but there is a probability of a new high to the north, so positions should not be stubbornly held.
Resistance levels: 3650-3680-3750-3895 POC: 3580 Support levels: 3480-3425-3350-3235
$ETH In the past few days, I haven't paid much attention to the second pancake. The trend for the second pancake is becoming stable now. Currently, we just need to focus on two positions: if 3680 breaks and stabilizes, wait for a pullback to go long; if 3480 breaks and stabilizes, wait for a pullback to go short. The medium-term line overlaps at 3580 and the support at 3577, so we are currently hovering around the medium-term line, but it feels like it won't hold. If it doesn't break the medium-term line before the market opens, there might be a sprint to 3680. If that breakout fails and there is a pullback, we can short for a bit and then observe the situation of breaking 3480-3500. If it doesn't break, it may enter a range-bound fluctuation, which is also a reasonable trend. In short, just watch these two positions; if you want to be lazy, you can just place an order with a 1-point stop loss. These two positions either won't break, and if they do, a wider stop loss is acceptable.
Summary: Breakout at 3680 stabilizes long, break at 3480 stabilizes short. It feels likely that there will be a range-bound fluctuation in this zone.
$BTC $ETH 2025-11-10, last night's upward push was strong, and the capital inflow was also good. However, it hasn't stabilized at 105 and has broken down again. So temporarily, we can short with a stop loss at 1055, or wait for a pullback to 105 to confirm the right side of the trend. If 105 can break and stabilize, we look to go long; if not, we still treat this as a short-term rebound and continue to short. The support corresponding to 105 is 1015. I have already replenished my position, and the hedged long positions can break even or be closed if they fall below the key level to still gain some extra profit.
Summary: The rebound strength is moderate, but it hasn't stabilized at the strong resistance of 105. Therefore, we currently view it as a 105-101 box range fluctuation or continue to extend the downward fluctuation for trading.
$BTC $ETH 2025-11-09, yesterday this wave of support was quite strong, but last night it adjusted overnight and still couldn't break through the medium line of the long-term downward channel, so today we continue to observe the breakout situation of the support and resistance levels and the flow of funds to determine the direction. In the afternoon or evening, see if there can be any action; if there is, just follow the trend to place orders. If not, still treat it as a slightly bearish fluctuating downward market, the direction is not clear enough, still using a hedging strategy. If it rebounds from the bottom, go long; for each resistance level, open short positions in batches for hedging. Wait for the top to rebound and then open long positions in batches at each support level for hedging. It is important to note that last night the 1015 level was tested multiple times without breaking, so today we need to focus on observing whether this position will break. If it breaks, then sequentially observe the lower levels 1010-1002-992-980-974-968-963-955, and you can split the orders based on the short positions to open long hedges in batches.
Summary: Currently still in a fluctuating downward market, focusing on observing the breakout situation of support and resistance levels and the flow of funds, strictly hedging or strictly stopping losses to reduce trial and error costs.
Resistance levels: 1025-1029-1035-1045-1080-110 Support levels: 1015-1010-1002-992-980-974-968-963-955
$BTC $ETH 2025-11-08, yesterday mentioned the long position for Bitcoin 1035; second position -3450, both positions arrived as expected, giving us a boost of confidence. Long positions can be held a bit longer now, and short positions that were stopped out yesterday can be reopened to hedge against yesterday's long position. However, there's a small issue, which is that after reaching this position, there was no significant volume breakout, but rather a low-volume consolidation, so the next steps are quite crucial. The current pattern aligns well with a bottom repair after a rebound, coinciding with the weekend, which generally has low volume, making it suitable for sideways recovery and accumulation. Therefore, in the next two days, we just need to observe the breakout situations at two positions and the capital flow. If Bitcoin breaks 1047 and stabilizes over the weekend, and the second position breaks 3580 and stabilizes, it could be seen as starting a rebound. The long positions hedged yesterday can be held until Bitcoin reaches 1117 and the second position 3890. If it successfully breaks and stabilizes after reaching these positions, it might even go for a touch of 126 and 4795. However, as mentioned before, when a long upper shadow is formed, it's ideal to close the position or hedge. Considering that there hasn't been a significant volume breakout at the key levels, we also need to observe the support strength at two support levels: Bitcoin 1015 and the second position 3320. If these two positions fail to hold and break down, we will still maintain a bearish outlook. This rebound is looking quite good for the second position, but Bitcoin's capital is still in a continuous outflow state, so we should be prepared for both scenarios. Currently, since the bearish trend hasn't broken, we will continue with the strategy of long shorts and short longs. Hold onto the short positions, and every time the price approaches resistance, open shorts to hedge, with a short stop-loss. As mentioned, the weekend usually has low volume, so it's easy to get stopped out by spikes, especially on Saturdays, which are generally quite quiet. Those who hedged long positions yesterday can open short hedges for safety over the weekend. Generally, even if there's a trend over the weekend, it's usually on Sunday afternoon or evening, so take this opportunity to relax over the next couple of days. Sunday is prone to spike stop-losses.
Summary: Focus on observing the pressure and support levels and capital flow over the weekend. Pressure Levels: 1047-1085-1115 (Breakout and stabilization accompanied by volume indicates looking at previous highs; if breakout fails, close position and continue shorting) Support Levels: 1015-1010-1000 (If it breaks and stabilizes accompanied by volume, look at previous lows; if it breaks previous lows, follow the previous short positions looking at 97-95-91-83-75)
$BTC $ETH 2025-11-07, the rebound is weak and the downward trend remains unchanged. The good news is that today we have formed a Pinbar, which shows a clear bottoming compared to the previous low, especially the support for the second coin is quite strong. Today, there should be a short-term rebound. For the first coin, if it closes with a long upper shadow between 1020-1045, you can close short positions to hedge. The second coin's short positions can reach around 3450. If it can break through 3577 and stabilize, we can look at around 3900-4000, but the probability is low. Currently, from a technical perspective, it is showing a medium to long-term deep correction, oscillating downwards. When the first coin breaks 1115 and the second coin breaks 4000, it will signal the start of a new upward trend. For now, let's go with the trend and focus on short positions. When we reach the support level, we can take short positions to hedge for safety, allowing us to capture long-term shorts while preventing being caught off guard by an early surge.
Summary: Long shorts, short longs. Key observations: the first coin 1035; the second coin - 3450. These two positions are in the middle of the downward channel and have been constrained for the past few days without breaking through. If they can successfully break through and stabilize with increased volume, we can go long. Regardless of when increased volume breaks the previous low, do not attempt to catch the bottom. If it breaks the previous low again, with the first coin breaking 98 and the second coin breaking 29, it will confirm a deep correction. It will not stop until it reaches the target position. For spot trading, it's casual; each reversal is a buying opportunity, and it will at least double next year.
Resistance levels: 1018-1023-1028-1032-1035 (if it breaks 1035 and stabilizes with an increased volume bullish candle, hold the long position for a bit longer to see 106-109-111) Support levels: 1015-1010-1000-98-95-91 (every time it reaches support and confirms effectiveness, you can hedge and lock positions to capture short-term corrections)
$ETH $BTC 2025-11-06, the multiple orders are still in place, I have just hedged and locked in positions. The second coin is currently just a small fundamental shape, the support and resistance points are not clear enough, so I will temporarily switch to the first coin. It's better to follow the trend with the second coin. In fact, I haven't been paying much attention to the first coin lately; otherwise, I wouldn't be so confused. The chart for the first coin looks relatively clear, with clear and effective support and resistance levels. Currently, the first coin seems to be preparing for a push towards 15 with a wave of consolidation, but this wave of consolidation should be quite strong. It hasn't reached the support level yet. Yesterday was likely just the result of forced selling by bear chains taking profits.
Summary: The first coin hasn't dropped to the target yet. It is currently in a narrow range of oscillating downwards, but if it breaks the level, it may lead to further declines. The bottom is quite deep, so one should prepare mentally in advance.
Resistance levels: 1055-1085-1115-1150-1198-1250-1262-1570 (If it breaks the previous high of 1262, we directly look at 1570. However, if this wave starts a deep correction and continues until the end of the month, it may take until next year to initiate the main upward wave. Another possibility is that it continues to violently spike and consolidate, then spike again for a violent washout. By the end of the month, it should reach the position and then consolidate for a bottom repair, with a hopeful peak in December.)
Support levels: 1031-970-956-910-833-766-675 (Currently, the most hopeful level is 1031, if it doesn't break. If 1031 breaks, it is highly likely to continue the downward trend. 95 is a strong support level. If 95 breaks, the following positions of 910-833-766 are strong support. As it stands, if it continues to drop without turning back, it could fall about 10,000 points by the end of the month, which would approximately reach the position. 766 is the bottom of the long-term oscillating upward large box, coinciding with the weekly support level and also with the starting point of this round of upward trend, forming a triple bottom. I feel the probability is quite high here; the 80 integer level should provide strong support. So if you want to position yourself, you can start near 80. It should be in the form of spike probing the bottom, and there is a possibility of extreme spikes down to 675. 675 is the long-term conversion point for bullish and bearish trends, and this level should not break. Otherwise, it would be a pure harvest of the entire world, and the vast majority would go to zero, which would spell disaster for the crypto world.
$ETH 2025-11-05, Woni Ma, what are you doing here? Isn't this a bit outrageous? Just yesterday I said that the big pancake is 95000 and the second pancake is 3050, and it was still far off, but a few bearish lines came along. It seems we are going to see a bottom repair at 3235-3425. 3235 is the weekly level pullback support, and the strong support below is 2925. You can observe this; if 3235 shows no resistance marks, then this weekly pullback is invalid and should be changed to the monthly support at 3045. So now we need to focus on three key positions: whether the upper pressure level at 3425 is effective, and whether the lower support at 3235 is effective. If 3235 is effective, then 2925 is strong support. If 3235 is ineffective, we should consider that we are moving towards a monthly level pullback. The weekly level pullback range is 3235-2925-2535, and the monthly level pullback range is 3045-2620-2255-1820. The key is to observe and verify these three positions: 3425-3235-3045. Currently, from the market's perspective, the probability of a weekly pullback is higher. If there really is a monthly pullback, it might break 2. Before December, it's unlikely to rally again, as all shorts will start to take profits, so the likelihood of a weekly pullback is greater. If 3055 is the bottom this time, the next wave of rally could see 5300-5900.
Summary: Currently, the weekly pullback support at 3235 has been reclaimed, but there is still room below. It is recommended to place breakout orders as the win rate is a bit higher. We have broken all the technical structures in the medium and short term. Today, the focus is on re-verifying the effectiveness of resistance and support levels.
Resistance and support levels need to be re-validated for effectiveness. Wherever a valid resistance and support shape forms in that group, confirmation is needed, and we can then trade around that. Ultimately, as always, no technical analysis can achieve a 100% win rate. What retail investors can do is to follow the trend and trade on the right side. The key is to always use stop-loss orders and strictly manage positions, especially with high leverage. In situations where there is a 10-point drop overnight, with leverage above 10 times, if you don't use stop-loss, you could lose everything. You can win countless times, but if you don't use stop-loss just once, you'll lose everything. So really, don't take chances. This is also why I keep emphasizing that if you're using high leverage, you should only build positions with 1% or 2% each time; otherwise, it is easy to face liquidation.