11/6 Bitcoin and Ethereum Market Analysis: Yesterday, Bitcoin's movement was very intense, with a daytime surge of over $10,000, briefly breaking the $104,000 mark, but by evening, it experienced a sharp drop of over $14,000. This basically confirms our previous judgment: the five-wave upward structure of Bitcoin since $57,000 has been completed. The completion of this structure means that the market will enter a significant downward trend next.

After the fourth wave consolidation was completed and entering the fifth wave, we clearly pointed out that the target for the fifth wave was above $102,000, while repeatedly reminding everyone to pay attention to taking profits and to avoid chasing highs. The fifth wave officially ended last night, and the market has entered a new phase. Moving forward, Bitcoin's movement will be more complex; I personally believe there is a high probability it will drop below $80,000. However, it is also possible to see secondary peaks or even another rise during the downward process, especially if the market enters a three-wave decline or a larger consolidation structure, such pullbacks are quite normal.

In summary, if Bitcoin rebounds above $99,000, consider opening a layer of 5x short positions, and be prepared to add to the position once. If it oscillates downward, it is very likely that the market will fluctuate repeatedly in between.