Cryptocurrency Circle Liying: 11.2 The Doomsday Prophecy of the Evening Star! Latest Market Analysis and Trading Suggestions for Bitcoin and Ethereum

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20 hours ago

Li Ying's Analysis of the Latest Bitcoin Market on November 2

Article Published on 2025.11.2------00:10

The current price of Bitcoin is 110,300. Li Ying assesses that the current oscillation pattern of Bitcoin is fluctuating repeatedly between key support and resistance levels. The evening star pattern combined with a decrease in volume presents a bearish signal, indicating that the market may face some downward pressure in the short term. However, the price has not effectively broken below the key support level, with a daily low of 108,311 showing an overall upward oscillation trend, but it has not yet surpassed the previous high of 111,172. The 2-hour candlestick chart shows a series of small bullish candles with weakening upward momentum. The MACD on the 2-hour chart indicates that bearish strength is diminishing, while bulls are attempting to gain strength. The EMA 2-hour short-term moving average support is effectively at 111,090, which Li Ying suggests can be used as a reference for resistance. If it cannot effectively break through, a short position can be opened at the resistance level, ensuring proper risk control.

Short-term Strategy Reference:

  • Long position at 108,500, with a stop loss at 108,000, risking 500 points, target 110,000.
  • Short position at 111,000, with a stop loss at 111,500, risking 500 points, target 109,000.

Latest Ethereum Market Analysis

Before publication, the current price of Ethereum is 3,890. Li Ying observes that Ethereum is currently oscillating between the support level of 3,820 and the resistance level of 4,000. The moving averages are entangled and momentum is weakening, indicating that the trend direction is still unclear. The bearish engulfing pattern combined with extremely low trading volume creates a strong bearish resonance signal. At the same time, the price has risen but has not gained effective trading volume, showing insufficient upward momentum in the market, with potential downward pressure in the short term. The 3,820 support level is the current market's key defense line; if it is breached, it may trigger further declines. The MACD shows signs of a golden cross, and if the EMA can continue to rise, it will confirm a short-term bullish trend. Li Ying assesses that if the main force cannot effectively break through the resistance level, it may be wise to consider opening a short position at the high point, ensuring proper risk control, with safety as the priority.

Short-term Point Reference:

  • Short position at 3,920, with a stop loss at 3,960, risking 50 points, target 3,750.
  • Long position at 3,820, with a stop loss at 3,780, risking 50 points, target 3,920.

The above content is exclusively original by Li Ying; please indicate the source when reprinting! Article publication review may have delays, and market conditions change rapidly. The above suggestions are for reference only, and risks are borne by the reader. I hope Li Ying's insights will be helpful to you!

The content of the article is time-sensitive and for reference only; risks are borne by the reader.

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