11.8 Evening Analysis
Looking back on the intraday trend, Bitcoin (referred to as "Da Bing") has shown a overall oscillating downward movement. The price faced resistance around 104,100 and retreated, with the lowest touching around 101,800.
From the hourly Bollinger Bands, the bands are continuously narrowing, presenting a typical "squeeze" pattern, indicating that the current hourly bullish and bearish battle has reached an equilibrium, and market volatility is gradually decreasing.
During the decline, the price failed to effectively break below the lower band support and then oscillated narrowly around the middle band, with no clear short-term direction.
Bitcoin can be bought at 101,700-100,000; the target range is 103,000-104,000.
Altcoin ("Er Bing") can be bought at 3,390-3,340; the target range is 3,480-3,520.

Analysis of Bitcoin and Ethereum Market Trends and Trading Strategies for the Morning of November 8th
Ethereum has recently shown a oscillating upward trend on the daily chart. On November 7th, a large bullish candle broke through the previous high, and on November 8th, it continued to rise slightly, forming a consecutive bullish pattern. The current price is approaching the 3450 level, which presents some resistance. On the hourly chart, after a short-term rally, there are signs of a pullback.
Looking at the MACD on the one-hour chart, both DIF and DEA are above the zero line. The MACD red histogram continues to expand but has shortened, indicating weakening bullish momentum. It is expected that today will see an initial upward rebound to confirm resistance. If the resistance is confirmed to be effective, the market may decline again. Therefore, in the morning, short-term trading can involve entering short positions when the price approaches resistance levels.
For Bitcoin (Big Coin) rebound around 103900-104600, consider shorting with targets at 102500-101600.
For Ethereum (Small Coin) rebound around 3480-3520, consider shorting with targets at 3380-3340.