November 2nd Trading Suggestions:
Bitcoin (BTC): Its 1-hour and 4-hour technical levels have returned to a normal and good condition, while the daily level is performing excellently, above a healthy level. Therefore, it is expected to continue maintaining an upward trend throughout the day. From a larger cycle perspective, the expectation for an increase remains strong and has not diminished. The intraday support level is in the range of 95500 to 96000; when the price is within this range, there is momentum for an upward rebound; the intraday resistance level is in the range of 98000 to 98500, and when the price rises to this range, it may face some pressure and pull back.
Intraday support 95500-96000 Buy
Intraday resistance 98000-98500 Sell
Ethereum (ETH): The 1-hour and 4-hour technical levels are maintaining a good healthy state, and the daily level is also above a healthy level. It is expected that Ethereum will show a trend of catching up within the day. Its intraday support level is in the range of 3610 to 3660; if the price can gain effective support in this range, it may start an upward trend; the intraday resistance level is in the range of 3770 to 3820, and when the price rises to this area, it may face significant pressure and be blocked from rising further.
Intraday support 3610-3660 Buy
Intraday resistance 3770-3820 Sell