[Market analysis on November 3, 2023]

[Opinion]: BTC failed to rise and fall, but did not continue to fall in volume. It formed a three-way downward trend at the hourly level, but the three-way downward trend failed. We should still pay attention to the 34800-35200 range during the day. If it cannot continue to rise, high altitude will be the main trend! ⚠️Currently, short selling can only be based on the callback. Regarding the callback of the rise on October 24, the bull trend has not yet reversed, so you cannot directly watch the reversal!

【Operation method】:

BTC: More than 34200-34400, take profit from 34800 and go up to 34800-35200. If the bulls are unable to break through the M head and neck line, they will continue to be short. Cover the position at 35500 and stop loss at 36000.

ETH: If it cannot continue to rise near 1815-1840, go short!

[Daily level]: The daily line is bullish, but the upward trend is slightly weak in the short term!

[Hourly level]: Open long near 34200-34400, stop loss 33900, decline the three-way trend and continue the decline, turn to a two-stage slight upward adjustment!

[Summary]: The trend of the macro cycle has not changed and is still bullish. Go high and fall back, and observe whether it can break through the neckline again. If not, counterattack 34800-35200 and continue to go short!

(Note: The purpose of posting this article is to exchange valuable opinions and views with everyone, accept all guidance, just to make more like-minded friends, welcome the valuable opinions and views left by Lao Tie)