BTC's next key support level is 98K - the latest opinions and analysis of the world's top traders on November 3, 2025

Nakamoto 2025-11-4 01:12 89492人围观 BTC

1. Quick run on the currency market 1. The altcoin market excludes the top 10 altcoins in terms of total market value on the daily chart, and repeatedly tests the support level near 235B. If it falls below, it will go to 210B, which means that the overal

1. Quick currency market trend

1. Altcoin market

Excluding the top 10 altcoins in terms of market capitalization, the daily chart of the total market value shows that the support level is repeatedly tested near 235B. If it falls below 210B, it means that the overall altcoin will fall by about 15%.

2. BTC.D Bitcoin market capitalization share

BTC.D accounts for 60.3% of the Bitcoin market value. It has pierced the pressure level of 60.27%. We will see if it really breaks through after closing the daily line tomorrow. If it does, the altcoin will continue to fall for a long time.

3. Liquidation heat map

Judging from the recent liquidation heat map in January, there is still some long liquidity at 103-106K, and short liquidity is around 112K.

4. Panic and Greed Index

The panic-greed index is 36.

5.1H Time Frame: Analysis of Multi-School Trading Strategies

Screenshot time: 22:45 Beijing time on the 3rd.

2. Speed pass of currency bloggers

1. Top Trader Pigeon Eugene Ng Ah Sio

(Pigeon has not been updated)

2. Top trader Nachi

Updated at 2:13 on November 1, Beijing time:

My system once again gave a strong bearish signal and I have turned bearish towards the end of the year.
I think $BTC and $ETH are likely to break downwards after experiencing another period of volatility and retest 90K and 2800.

Bitcoin did not respond positively to top-level positive news such as the "trade agreement", which is a huge warning sign - it shows that there are still a large number of sellers selling on highs, whether they are old players who have reduced their positions based on the "four-year cycle theory", or market makers, traders or funds who were injured in the October 10 plunge.

There is also uncertainty about whether interest rates will be cut in December, so fund managers in traditional finance may choose to lock in profits for this year, triggering a market correction.

As stocks rally, crypto markets fall；
When stocks pull back, crypto markets are ________.

(Nachi is bearish on the crypto market until the end of the year, believing that BTC has fallen so much before the stock market has started to correct, and will fall even more when it corrects later. )

3.Trader Vivian

BTC long-term analysis:

Updated at 8:15 on November 1, Beijing time:

The monthly closing line is quite strong, so don’t worry too much about the short-term price trend. The shock will continue until the government reopens, but it doesn’t matter, the spot price is still safe.

Next major top: 114K-115K, Next major buying range: 104K-105K
Final exit position (before "destruction"): 122K, not 132K.

The "destruction" here does not necessarily mean a plunge, but more like the beginning of a period of stagflation.
The market value was 4.4 trillion, BTC was at 122K, and ETH was at 4400. They all left the market.
Maybe it can rise a little further, but if it does, wait until the annual line is closed before re-opening a position.

The current plan is to completely exit the spot market around Christmas when the total market value reaches 4.4 trillion.

Updated at 23:43 on November 1, Beijing time:

High time frame charts:

BTC short-term market analysis:

Updated at 8:03 on November 3, Beijing time:

These three are clearly tradable market segments. The red box is tomorrow’s short entry range: 111.5K – 113K.

We will end this short order at 107-108K, but we need to pay attention: the market may drop as deep as 104K.

The operation plan is as follows:

1) All long orders (currently XRP, some people should hold ETH, stop loss at cost price)
　All prices will be closed around the NY open tomorrow.

2) Short orders will be gradually scaled in starting from NY lunch.

3) All short orders will be closed at 107-108K.

4) BTC already has a pending limit order (will be announced when short-term stop loss is issued),
　I'm still deciding whether to go market or limit as I expect a deeper drop may be possible.

5) November 7th is the Gann reversal day, and the shock is likely to end at that time.

above. Be patient and wait for my next instructions.

(Vivian believes that BTC will rebound in the 104-106K range. She plans to go short to 107K, and then look for opportunities to backhand and go long. )

4. Top trader Reetika

Updated at 16:45 on November 3, Beijing time:

The timeline is getting increasingly bearish, which is understandable, after all, the recent price action has been really bad.

Although I expected volatility, I didn’t expect some altcoins to hit new lows after October 10th (cough cough XPL cough cough).

I still stand by my original plan and think this painful swing will eventually resolve to the upside unless we materially break below 100,000.

Now is the time to be patient, get out in the sun more, and let the market speak for itself.

The picture above was released on October 17th.

(Reetika believes that BTC has not turned bearish until it falls below 98K. )

5. Trader Commander

Updated at 16:43 on November 3, Beijing time:

I drove for a while in the morning and saw that the price was rising quite well. I went out to wash my car and buy groceries with peace of mind. When I came back, I saw that the price had returned. I thought it was normal consolidation at first, but after a closer look, it turned out that the price was too fast and penetrated the indicator. Therefore, I made the judgment that the big C wave should have started to fall in advance and let everyone chase shorts.

The first target of the big C wave is below 103000, and short orders can be entered in batches above 108000.

Detailed picture update:

At present, only the C1 wave has been completed, and it has entered the C2 wave consolidation, followed by the main falling wave. Still mainly empty

(The military commander and Liu Yudong below belong to the wave theory school, and he has been bearish recently. )

6. Wave Theory Liu Yudong

November 3, 2025

The rise starting from the blue point is either the XX wave of the blue line, or the next stage of the red line.

The nature of the blue dot rise is part of a corrective wave.

After the lower track of the orange dotted channel fell below, it counterattacked and was hammered three times in three days.

The lower rail turned into pressure, today at 111360. As long as it does not stand above the lower track and is still weak, there is still downward momentum. The lower support level is 98340.

(Liu Yudong believes that BTC is weakening and will most likely continue to decline, with the support level at 98K. )

3. Summary

Today BTC fell back to around 107K. The altcoin I bought a few days ago went from a floating profit of 4 points to a floating loss of 4 points. I forgot about the MNT purchase order I placed before, but today I saw it was completed. At present, the altcoins I hold have reached 2600U, and the floating loss is more than 300U.

It’s close to 15% of my position. The position is not very large and I can still withstand today’s drop.

We don’t plan to cover our positions for the time being. BTC continues its downward trend and the market sentiment is very poor. There is no one to pull up the altcoins. After Aster CZ placed an order last night, it has returned to its original shape today.

Most of the coins bought above are small currencies. If you take a position later and buy the bottom, you will also speculate on mainstream copycats such as SOL and DOGE, or major exchange platform coins such as MNT. The maximum replenishment for small currencies is 200-300U.

Many people say that the market is already bearish, but the consensus of the big guys we follow daily is that 98K has support. If it can hold, there is hope of breaking new highs again, otherwise we will have to wait another year or two. Then we'd better sit on the sidelines and wait for the bottom signal to appear before entering the market to buy spot stocks.

statement:

The above information is for reference only, not trading advice. The currency circle is high-risk, so please be cautious when participating.

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