#逆势上涨币种推荐 Evening analysis of Bitcoin and Ethereum market on 11.21.
Looking back at the afternoon market, the Bitcoin dropped from around 86100 to a low point of 81111 before stopping. Based on the hourly chart, Bitcoin has experienced four consecutive bearish candles before starting to rebound, but the rebound to around 84000 lacks strength, continuing the downward trend. Ethereum, like Bitcoin, saw its price drop from around 2810 to a low point of 2642 in the afternoon. In this market situation, our thinking has always been validated by the market, continuously moving downwards. In such a market, only by following the trend can we achieve higher gains. From the current market perspective, the four-hour level shows an ongoing downward trend with eight consecutive bearish candles, and the market is still dominated by the downward trend, having effectively broken below the Bollinger Bands. The bullish momentum has been nearly exhausted; although there has been a four-hour rebound at the one-hour level, the quick spike followed by only a slight recovery indicates that this rebound is merely a technical correction and is unlikely to reverse the trend. Overall, the downward trend continues, and the strategy for the evening remains focused on selling at high rebounds. Operation suggestion: Bitcoin around 84000, target around 82000. Ethereum is around 2720-2750, with a target near 2630.
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#逆势上涨币种推荐 Evening analysis of Bitcoin and Ethereum market on 11.21.
Looking back at the afternoon market, the Bitcoin dropped from around 86100 to a low point of 81111 before stopping. Based on the hourly chart, Bitcoin has experienced four consecutive bearish candles before starting to rebound, but the rebound to around 84000 lacks strength, continuing the downward trend. Ethereum, like Bitcoin, saw its price drop from around 2810 to a low point of 2642 in the afternoon. In this market situation, our thinking has always been validated by the market, continuously moving downwards. In such a market, only by following the trend can we achieve higher gains.
From the current market perspective, the four-hour level shows an ongoing downward trend with eight consecutive bearish candles, and the market is still dominated by the downward trend, having effectively broken below the Bollinger Bands. The bullish momentum has been nearly exhausted; although there has been a four-hour rebound at the one-hour level, the quick spike followed by only a slight recovery indicates that this rebound is merely a technical correction and is unlikely to reverse the trend. Overall, the downward trend continues, and the strategy for the evening remains focused on selling at high rebounds.
Operation suggestion: Bitcoin around 84000, target around 82000.
Ethereum is around 2720-2750, with a target near 2630.