On Thursday, November 20th, a pancake continues to decline, Rebound continues to short.

Good morning everyone on this new day! I am Du Jingsheng. Yesterday I mentioned that Bitcoin continued the bearish outlook, and in the early morning, it reached a low of around 88600. The bearish target of 88000 I provided yesterday was only 600 points away from the goal. The strategy was also spot on, and of course, participating also led to a qualitative leap. The day trading was also able to capture over 4000 points, a relatively perfect performance.

From a technical structure perspective, the daily chart shows that the bearish sentiment continues to dominate the current market. The K-line has seen consecutive bearish candles retracing, while the strength of the rebounds has essentially been fully absorbed by the bears. Therefore, the main rhythm is inevitably bearish. As the saying goes, single bearish and single bullish candles do not create a trend. It is evident that during this downward process, the bearish candles have been retracing relatively frequently, indicating a clear downward trend. Hence, when participating in the market, one should follow the trend.

On Thursday morning, it is recommended to short Bitcoin around 91800-92300, targeting 90000-88000.

The mindset determines the outcome, the outcome determines the quality. First establish the trend, then follow the trend. When the trend breaks, timely "change the trend." There should be both advance and retreat to maneuver with ease, #美联储会议纪要将公布 #比特币行情观察 #当前行情抄底还是观望？ .