Coin prices are consolidating slightly; next week, Federal Reserve officials will speak intensively, so cautious trading is advised! Thoughts on the November 2nd BTC "Mistress" strategy

The Thursday early morning meeting confirmed that the Federal Reserve has entered a new phase. Although "doves" and "hawks" are aligned in their stance on addressing perceived labor market softness, disagreements seem to have emerged regarding the next steps. Previously, it was almost certain that the Fed would cut interest rates again in December, but Powell's remarks have prompted reconsideration. As Fed governors and regional Fed presidents resume public appearances, speeches by Fed officials starting next week could be crucial. Friends should pay close attention! Non-farm payrolls are definitely not being released. The bullish outlook on Friday met expectations, and Ethereum long positions are still held; stay alert and tighten stop-losses to lock in profits!

The daily chart shows two consecutive bullish days, with Bollinger Bands tightening significantly, indicating a slowdown in bearish momentum. The KDJ indicator's three lines in oversold territory are slowing again, and MACD momentum is relatively weak. Overall, the trend leans toward a bottoming rebound, so for intraday trading, Conan recommends maintaining the pullback buy strategy! Resistance levels are at 111,500, 112,000, 113,500, 115,000, 116,000, and 116,500. Support levels are at 108,600, 108,000, 107,200, and 106,200.

November 2nd Long Position Strategy:

If BTC pulls back to 108,200–108,700, continue to go long. Conservative traders can enter at 107,200–107,700, with a stop around 106,200. Targets are at 109,500, 110,000, 110,500, and 111,500. If broken, look for 112,000–113,000, and 113,500; continue to move stop-losses accordingly to lock in profits based on market conditions.

Ethereum pulls back to 3,770–3,810, continue to go long. Conservative traders can enter at 3,700–3,740, with a stop near 3,670. Targets are at 3,850, 3,880, and 3,900. If broken, look for 3,930–3,960; continue to move stop-losses accordingly to lock in profits based on market conditions.

November 2nd Short Position Strategy:

Short BTC at 1,111,500–1,120,000, with a stop near 1,130,000. Targets are at 1,105,000–1,100,000. If broken, look for 1,095,000–1,090,000; continue to move stop-losses accordingly to lock in profits based on market conditions.

Short Ethereum at 3,920–3,950, with a stop near 3,980. Targets are at 3,880–3,850. If broken, look for 3,820–3,800; continue to move stop-losses accordingly to lock in profits based on market conditions.

Recently, the crypto market's funds have been very weak, with spot ETF funds continuing to flow out this week. The capital outflow may be related to the Fed ending its quantitative tightening policy. Additionally, the US stock market and precious metals are performing very well, clearly absorbing funds. However, prices have fallen significantly from high levels, so large funds might be entering to pump the market. Therefore, everyone should be cautious about further declines! #参与创作者认证计划月领$10,000