[Market analysis on November 4, 2023]

[Opinion]: The market situation is exactly the same as what was deduced yesterday! Both long and short, the view remains the same. BTC is currently in a two-stage adjustment of a three-stage decline at the short-cycle level. It is currently in the second stage. You can observe the 34800-35200 range. If there are signs of bullish weakness, you can go short (⚠️Only small Cycle level short-term, the bull trend has not reversed, it is not recommended to open trend short orders before the position is broken)

【Operation method】:

BTC: short around 34800-35200 (because the big cycle is in an upward cycle, you must wait for a signal on the right side, and you can only go short when a weak signal comes out if it cannot go up. You cannot directly place a short order on the left side)

ETH: Short and long positions are not recommended! The trend is actually not that weak. After all, it has broken through the consolidation box since the decline on August 18 and stabilized at a high level. There is no sign of short positions amplifying.

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

[Hourly Level]: Short sellers need to wait for the signal on the right and pay attention to the 34800-35200 range! You cannot leave the pending order on the left empty directly! The reason is as above!

[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! If you continue to attack, you can't chase more!

(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)