11.1 Overnight US market impacts historical failures, efforts in vain! Bitcoin drops again, falling 110,000, unable to recover? Can Ethereum's support at 3710 hold against the downward trend? Is there pressure at the mid-track of 3905?

CN
23 hours ago

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Crypto Circle Academician: November 1, 2025 Bitcoin (BTC) Latest Market Analysis

The current price of Bitcoin is 109,250. It is now 2 AM Beijing time. The overnight US market failed to break the historical high and has once again entered a downward mode. Bitcoin has also hit the expected resistance at the 0.618 Fibonacci retracement level of 110,950. The pressure is effective, and it is advisable to hold short positions, with the first target looking at the 786 support at 106,800. For those who haven't entered the market yet, there is no need to rush in; you can wait to see if the main force will test the 618 resistance again. Congratulations to those who have already entered short.

As of the time of writing, the daily K-line has a high of 111,233 and a low of 108,226. The daily line has hit the EMA15 trend resistance at 111,000 for two consecutive days. If the K-line falls below the opening price of 108,260, the MACD will end its expansion and begin to contract, with the DIF and DEA forming a death cross. Additionally, the daily line has failed to break through the middle of the Bollinger Bands at 110,600, resulting in a retreat without forming a solid breakout. The short-term trend is in a sideways phase, and it is expected that it will not quickly test the strength of the bottom support at 106,500; more time is needed.

The four-hour K-line pulled back after hitting the 0.618 Fibonacci retracement resistance at 111,000, forming a bearish evening star pattern. The MACD shows a bottom divergence with decreasing volume. The short-term support to watch is 106,800. The Bollinger Bands are forming a downward channel, with the middle track at the channel resistance level of 110,700 and the lower track at 106,600. The strategy is to continue holding short until the market reaches below 106,800, after which you can consider whether to go long.

Short-term strategy reference: The market is never 100% certain, so always set stop losses. Safety first; small losses and big profits are the goal, especially when breaking key resistance and support levels. If you need to stop loss, do it without hesitation.

Long position entry point: 106,800 to 106,300, with a stop loss at 105,800, risking 500 points, targeting 107,500 to 108,500, and if broken, looking at 109,500 to 110,000.

Short position entry point: 109,500 to 110,000, with a stop loss at 110,500, risking 500 points, targeting 109,000 to 108,000, and if broken, looking at 107,000 to 106,500.

Crypto Circle Academician: November 1, 2025 Ethereum (ETH) Latest Market Analysis Reference

The current price of Ethereum is 3,827. It is now 2 AM Beijing time. In yesterday's article, I mentioned that the next opportunity to go short would be around 3,850. Although the price hasn't dropped much yet, the entry point for going short has been reached. Since the market has entered the hunting range, don't hesitate; just set your stop loss and hold. Now is the time to exchange time for space.

Before the article was published, the daily K-line had a high of 3,887 and a low of 3,794. Similarly, if the daily K-line falls below the opening price of 3,800, the MACD will end its expansion and begin to contract downwards, with the DIF and DEA forming a death cross below the zero line, indicating a strong bearish trend. The short-term resistance level to watch is the EMA120 trend line at 3,880, with the Bollinger Bands contracting. The middle track resistance is at 3,960, and the lower track support is at 3,710. The strategy is that the market is in a sideways phase; if the top pressure is effective, you can hold short.

The four-hour K-line has been blocked three times by the EMA15 fast line resistance at 3,875, but the key pressure point is at the 0.618 level of 3,917. The MACD has been decreasing in volume, with bulls resisting. The golden cross of the DIF and DEA has failed to close downwards. The Bollinger Bands are forming a downward channel, with the middle track resistance at 3,905 and the lower track support at 3,710. The strategy remains bearish, so continue to hold short. For those looking to go long, wait until the market reaches around the support level of 3,700 before considering.

Short-term reference:

Short position entry point: 3,850 to 3,900, with a stop loss at 3,950, risking 30 points, targeting 3,800 to 3,750, and if broken, looking at 3,700 to 3,650.

Long position entry point: 3,700 to 3,650, with a stop loss at 3,600, risking 50 points, targeting 3,750 to 3,800, and if broken, looking at 3,850 to 3,900.

Specific operations should be based on real-time market data. For more information, you can consult the author. There may be delays in the publication of this article; the suggestions are for reference only, and the risk is borne by the reader.

This article is exclusively contributed by the Crypto Circle Academician and represents the unique views of the Academician. In-depth research has been conducted on BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the timing of the article's release, the above views and suggestions may not be real-time and are for reference only. The risk is borne by the reader. Please indicate the source when reprinting. Manage your positions reasonably and avoid heavy or full positions. The Academician also hopes that all investors understand that the market is always right. If you are wrong, you should reflect on where the problem lies. Don't let the profits that should be yours slip away. There is no need to be smarter than the market. When a trend comes, respond and follow it; when there is no trend, observe and remain calm. It is not too late to act once the trend becomes clear. Tomorrow's success comes from today's choices. Heaven rewards diligence, the earth rewards kindness, humanity rewards sincerity, business rewards trust, industry rewards excellence, and art rewards passion. Gains and losses often happen unexpectedly. Develop the habit of strictly setting stop losses and take profits for each trade. The Crypto Circle Academician wishes you happy investing!

Warm reminder: The above content is solely created by the author of the public account. The advertisements at the end of the article and in the comments section are unrelated to the author. Please discern carefully. Thank you for reading.

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