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November 7th, Early Morning


Recommendations:
Bitcoin (BTC): Range between 102,800 and 103,800; target 101,000 to 100,000
Ethereum (ETH): Range between 3,320 and 3,380; target 3,250 to 3,150

Currently, the MACD indicator on the daily chart shows a clear bearish alignment. The DIF (fast line) has crossed below the DEA (slow line), forming a death cross and continuing downward. The green momentum bars are lengthening, indicating increasing bearish momentum, while the price momentum is gradually rising.

On the volume side, during the recent decline, trading volume significantly increased. The volume trend of decreasing volume further consolidates the dominant bearish pattern, indicating a short-term weak market sentiment.
BTC0.94%
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