2023.11.1BTC ETH market deduction I am the lighthouse
Long-term deduction at the beginning of the month:
Today is the first day of November. With the closing of the monthly line, I am even more convinced that the multi-party power of Ethereum and Bitcoin still exists. Especially Bitcoin, both in form and strength, will be greater than Ethereum in the next one or two. Both Bitcoin and Ethereum will usher in a surge in monthly gains. Ethereum’s target will first be 2023.66, then 2146.1. Bitcoin’s target will be 40071.7, then 47448.
However, the purpose of this deduction is to allow everyone to understand the market and understand the trend in the next one or two months, but it does not mean that there will be no correction and decline. Bitcoin’s retracement demand is at 30777.9 and 28425.8, and Ethereum’s is at 1743.42 and 1663.34.
This is the framework. Let us wait and see whether the market will move like this.
Intraday market trend deduction:
BTC is still in a correction at the 4-hour level. Since October 30, there have been multiple buying points that induce bulls, but they have not broken through the sideways zone. You can wait for placement of long orders near 33784.1.
At the 4-hour level, ETH is also at 10.30. It was not expected to rise for the second time, but the strength is weak. Although the students who followed the order have closed their positions, it is far from my expectations. You can wait for the placement of long orders near 1779.27.
