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November 24 afternoon BTC/ETH market analysis and trading strategy
At the daily level, the price encountered significant resistance near 88000, closing with several consecutive bearish days, showing an overall downward trend. Currently, the market's movements indicate certain adjustment signals. At the hourly level, the price has experienced a high-level pullback and is now approaching the support area near the previous low of 86700. If this support is breached, the price may further decline.
The hourly MACD is below the zero line, with DIF and DEA forming a death cross and continuing downward, indicating that bearish momentum is gradually strengthening. However, after a period of increasing volume, momentum has weakened, suggesting that the bearish forces in the market have temporarily eased. The EMA system of EMA7, EMA30, and EMA120 on the hourly chart has formed a bearish arrangement, with the price continuously being suppressed by the EMA7 at the level of 87050, indicating a short-term weak market.
The current market is overall showing a bearish trend, with prices facing pressure at key levels, and technical indicators indicating a weakening market sentiment. The significant shrinkage in trading volume and the strong wait-and-see attitude in the market make it highly likely that prices will continue to decline in the short term.
BTC: Short at 86800-88000, target: around 85500
Ethereum: 2825-2880 short, target: around 2750 #比特币行情观察 #加密市场回暖 $BTC