#加密领域市场回调 Market Observation for November 7th Midday

Reviewing the morning trend, BTC started with a sideways movement from around $100,600, gradually climbing and reaching a high of $102,300 before pulling back.

On the hourly Bollinger Bands, the channel still shows a downward divergence pattern. However, there's a noteworthy detail: the lower band has shifted from a downward slope to flattening out and even slightly rising. What does this change in pattern typically indicate? It suggests that the downward pressure is weakening, and support levels below are strengthening. The short-term downward momentum is gradually being exhausted.

Price action also confirms this. The previous weak trend, where prices stayed close to the lower band, has shifted. Prices are now breaking away from the lower band and even temporarily surpassing the middle band. This indicates that the bulls are attempting to mount a comeback.

BTC Trading Strategy: Consider entering long positions around $101,300 and $100,800, with targets in the $102,700–$103,500 range.

ETH Trading Strategy: Look for long opportunities in the $3,300–$3,260 zone, with targets at $3,400–$3,450.

Market sentiment is subtly shifting, and technical signals are showing some positive signs. In the short term, a rebound may be brewing.