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November 25 afternoon layout analysis


#比特币行情观察 This afternoon's market trend, the bears are simply crushing it! Look at this chart, Bitcoin shot up to 89177 in the afternoon and then turned down. The 4-hour line has been continuously bearish, and the small rebound that just appeared was immediately crushed, just as we predicted. On the Ethereum side, it synchronized with a spike before a plunge, and is now hovering around 2900. That recent sharp drop almost broke 2850, but it just caught its breath.
Looking at the current market, the long upper shadow bearish candle on the daily chart for Bitcoin is very eye-catching, indicating that the selling pressure at the 89000 level is very strong, and the bearish trend hasn't slowed down at all. The four-hour chart is even more obvious; the lower the price goes, the weaker the support becomes. Each time the bulls try to struggle and rebound, they are immediately pushed down to refresh the lows. The current rhythm is not to waste time, but to push directly downwards. Remember not to guess the bottom blindly; the operational strategy should still focus on short positions, and any long positions should only be taken with light exposure.

Short at around 88500-89000 in the evening, aiming for around 87000.
Short near 2950-2980 for Ethereum, target around 2880.
ETH7.25%
BTC5.94%
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