Morning Thoughts on November 4th

Currently, the market sentiment is very low, and the short-term outlook is bearish! We cannot stop this downward trend; the price level of 68,000 has already broken consecutively, and there are no signals to maintain a bullish stance. Right now, it's all about Trump and Harry; it depends on the situation in Pennsylvania. Whoever can seize this area will be stable!

The suggestion for today is to focus mainly on short positions! Always pay attention to the signals from that side of the market sentiment! Once there is any sign of change, it will cause significant movement in the market.

​Trading Suggestions

For Bitcoin, short directly at the rebound of 68,700-69,200, with a target of 67,200.

For Ethereum, short directly at the rebound of 2,480-2,500, with a target of 2,360.