Liying in the Crypto Circle: Latest Bitcoin Market Analysis on November 4

Article published on 2025.11.4------00:40

The current price of Bitcoin is 106,500. Liying assesses that the price of Bitcoin is approaching a key support level of 105,300, which is a recent low and has strong support. This level also resonates with a potential rebound formed by a bullish engulfing pattern. The moving average system shows a bearish arrangement, with the short-term moving averages sloping downwards, indicating a bearish trend. The daily line has retreated from a high position, forming consecutive bearish candles, presenting a downward trend with the lowest point of 105,306 close to the previous low support area.

The 2-hour K-line shows weak fluctuations, with the latest price closing at 105,616, failing to break through the upper pressure zone around 107,000. The MACD shows a dominant bearish force on the 2-hour chart; the overall trend on the daily line remains bearish. The 2-hour EMA moving averages show a clear downward trend in a bearish arrangement; the daily EMA moving average system is also in a bearish arrangement, indicating a continuation of the bearish sentiment. Liying suggests that after a pullback, one can continue to open short positions.

Short-term strategy reference:

Long entry at 104,000, stop loss at 103,500, stop loss of 500 points, target 106,000.

Short entry at 107,500, stop loss at 108,000, stop loss of 500 points, target 105,500.

The above content is exclusively original by Liying; please indicate the source when reprinting! There may be delays in article publication review, and market conditions change rapidly. The above suggestions are for reference only, and risks are borne by the reader. I hope Liying'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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