I. Core Market Summary

Yesterday, both Bitcoin and Ethereum experienced a rebound. After the rebound, both confirmed the key resistance levels above, and the subsequent market trend overall leaned towards a decline, with the main trading direction being short positions.

II. Specific Analysis and Trading Strategies for Each Cryptocurrency

Ethereum (ETH)

Resistance Level Confirmation:

The 1-hour chart shows that the upper resistance level is clearly at 3480;

In the 4-hour chart, the previously drawn resistance line at 3505 was not touched before the decline began, further validating the effectiveness of the resistance.

Indicator Signals:

MACD Indicator (1-hour): Bullish momentum continues to shrink, with the trend gradually shifting towards bearish;

Williams Indicator (1-hour): Currently in the oversold range, the current price is at a relatively high level, with a high probability of a decline.

Short Position Trading Suggestions:

Trading Range: Short positions can be arranged around the 3505 resistance level, with short-term focus on the 3400-3480 range for shorting;

Target Take Profit:

First Take Profit Level: 3330 (the key support level of the 12-hour candlestick in the 4-hour chart yesterday);

Second Take Profit Level (Medium to Long Term): If it breaks below 3330, look towards the previous low of 3103;

Trading Principle: Prioritize short-term trading, light positions can be held until medium to long-term targets.

Bitcoin (BTC)

Resistance Level Confirmation:

The 4-hour chart shows that the upper resistance level is at 104500 (the middle track of the Bollinger Bands), with the price rising near this level but failing to break through, followed by a decline; this position is the current core resistance point;

The 30-minute chart shows: Although the price has a trend of forming an upward channel, the channel has clearly narrowed, encountering resistance at the 104500 level, which was also the starting point of the last decline (after a doji, it oscillated and broke below 100,000).

Historical Trend Reference:

Previously, the price fell from the 104500 level, dropping to a low of 98888, with strong downward momentum, validating the effectiveness of this resistance level.

Trading Suggestions:

Direction Judgment: Medium to long-term still optimistic about breaking below the 100,000 psychological level; if it effectively breaks, an estimated profit space of about 3600 points can be obtained;

Trading Strategy: Arrange short positions around the 104500 resistance level, with this position as a reference for take profit in the short term; those with light positions can retain some positions to speculate on the opportunity of breaking below 100,000 in the medium to long term.

III. Overall Trading Reminders

Core Direction: Currently, the main strategy is short positions, and it is necessary to strictly rely on the above key resistance levels to enter the market, avoiding blind chasing of shorts;

Position Management: Short-term trading is recommended to be light and quick in and out, while medium to long-term arrangements should control positions (light positions are recommended) to allow for volatility;

Ethereum and Bitcoin Trading Suggestions for November 6, 2025:

Bitcoin 103500-103500 direction short, take profit at 102500-102000-101500

Ethereum 3420-3400 direction short, take profit at 3350-3300

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