November 21st BTC Ether Morning Analysis:

Last night, the three major U.S. stock indexes opened lower and continued to decline, with BTC also under pressure and plummeting significantly, falling from an intraday high to the 86000 mark where it stopped falling, dipping nearly 5000 points in a single wave; Ether followed the weakness of BTC, touching the 2788 line, with a cumulative decline of over 300 points, showing significant follow-up decline characteristics.

After the strong decline at the daily level, it has entered a phase of oscillating downward adjustment. After a unilateral decline during the day, there has been slight short-term oscillation, and the rebound is merely a technical correction, with a single wave rebound difficult to change the overall trend. The 4-hour level maintains an extremely strong downward trend. Although there has been a rise that recovers some lost ground, the bearish dominance pattern remains unchanged, and the rebound cannot reverse the downward pace; the moving average indicators are collectively in a bearish arrangement, and the weak pattern is clear. Day trading operation still focuses on short positions.