November 2nd BTC and ETH Evening Market Analysis

During the weekend, BTC and ETH exhibited a narrow range of horizontal fluctuations, with underlying signs of momentum switching. Looking back at previous trends, the rebound market initiated from the low points of ETH at 3680 and BTC at 106200 has shown a clear trend reversal—highs and lows continue to rise, and both daily and 4-hour charts display consecutive bullish patterns, indicating a clear "weak to strong" signal, with significant accumulation of bullish momentum. The core structure of the current upward consolidation remains intact, and the consecutive bullish candlesticks visually reflect a bullish dominance in the market. The short-term slowdown in price increases is a healthy adjustment in the trend process rather than a signal of waning momentum. From a technical perspective, the MACD indicator's DIF and DEA have turned upwards in the negative zone, and the histogram has shifted from "green to red", indicating a gradual weakening of bearish selling pressure. Bullish funds continue to enter the market, laying a foundation for subsequent upward trends.

BTC: It is recommended to place orders in the range of 109300-110000, with target prices at 111000 and 111400.
ETH: It is recommended to set up a position in the range of 3840-3880, with target prices of 3950 and 4080. #美联储如期降息25基点