Morning Market Analysis and Trading Strategy on November 4

The current market bears continue to dominate, and the bulls' brief rally is difficult to form an effective trend. From the recent price movements, the price has consistently failed to reach previous highs, which is far from the upward breakout characteristics required in a bull market.

Observing the short-term hourly chart, it is clear that the market lacks strong volume support for a unilateral upward movement, with the overall trend being dominated by fluctuations. Before the price breaks through the key resistance level above, it is still a relatively prudent strategy to open short positions at higher prices. The specific trading suggestions are as follows:

(BTC): When the price approaches the range of 80000 - 80500, consider entering a short position, with the target price initially set at 78500.

(ETH): When the price reaches around 1520 - 1550, it is recommended to decisively short, with a short-term target set at 1480. #BTC #比特币