$BTC Afternoon analysis: Released at 13:36 on November 4th.

Yesterday, since most people did not follow the downward trend of 3890-3910, the currencies provided were basically around rebound interventions, and all lines hit stop losses. Again, I remind you to adhere to the principle of respecting the big and opposing the small. The premise for making left-side trades is to enter with a small position and must carry a stop loss. After hitting a stop loss, remember not to open a new position; instead, review and learn calmly, then look for opportunities again. One failure does not mean anything; what is to be feared is losing your mindset. The gambler's mentality means that once you leave the table, there are no more opportunities. I suggest everyone learn more about Brother Rui's trading mindset. In the future, I will write course materials from time to time as benefits for everyone. If you like the host, give a follow and take a look! See if it's worth subscribing! Thank you all for your support!

First, we see Bitcoin. Last night, it was mentioned that Bitcoin can only stop falling and stabilize if it holds above 108,000. Looking at the 4-hour rebound, it subsequently closed at 105,711, leading to a direct waterfall effect, causing altcoins to plummet. This morning, the daily line closed at around 106,532, accelerating the plummet. On the daily line, pay attention to the support and resistance at the 103,041 line below, and watch for when it can recover the 110,635 line above. Overall, the rebound strength during the day is very weak, and be cautious of another spike in the evening. It is advised not to go long. For the next 1-2 days at the 4-hour level, focus on the upper range of 107,592-110,505 and the lower range of 104,553-101,936. The operational suggestion is to trade Bitcoin around 106,825-107,592 to the south, with a defensive range of one times.

Secondly, Erbing mentioned last night that only by stabilizing at the 3745 line can we see the bulls take control, which would lead to a rebound. However, shortly after, it also touched that line and directly entered a diving mode. This morning, the daily line closed at around 3602, coming in strong. The previously mentioned gap at 3500 was also successfully reached, but it did not lead to a rebound. The market is expected to continue deteriorating. For the daily line, pay close attention to 3435 below, and focus on the 4-hour analysis. Look above at 3736-3908 and below at 3549-3376. It has currently broken the effective support, so we will observe the situation for recovery. As for daily operations, it is suggested to continue shorting after the evening rebound, focusing on the high short layout around 3630-3666, with a defensive margin of one times. Good luck to everyone!
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