November 2nd Morning BTC Latest Analysis

There is a key resistance zone on the daily chart for BTC, between 111400 and 111700. If it can break through this zone and subsequently stabilize without falling after a price pullback, it is highly likely to initiate a new wave of increase.

In October, BTC has been rising steadily, and the market is mainly focused on two things: first, whether the Federal Reserve will lower interest rates, and second, whether institutional funds will continue to invest in it. Both of these factors would help support the rise of BTC and are important factors for a bullish outlook.

Currently, around 110,000 has become a relatively stable support level, and the price is likely to hold up when it drops near this level.

Suggestion:

You can look for buying opportunities in the price range of 109900 to 110000.
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If the price stabilizes in the resistance zone of 111400 to 111700, and after a pullback it confirms that support is effective, then you can continue to add to your position.
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The upward target is initially set at 112800 to 113300. If this target is突破, the trading volume will also increase, and it can continue to rise to 115000 or even higher. #比特币行情分析