The morning thoughts are very clear, the given range has steadily reached

November 21 Morning Thoughts
In the recent two months of macro data vacuum period, the game between high inflation and the risk of employment decline lacks data anchors, causing the Federal Reserve's policy decisions to fall into an information dilemma. It is expected that the December interest rate decision will maintain the current interest rate level, waiting for clear signals from non-farm data before adjusting the policy direction. Regarding the Russia-Ukraine situation, the rumors of a ceasefire without substantive grounding lack credibility, and the market should be cautious of such news disturbing short-term trends, suggesting that substantive progress in agreements should be used as a judgment basis. The large pancake market shows clear weak characteristics, with consecutive daily candlesticks forming a downward trend. Yesterday's long upper shadow candlestick further verified the concentrated selling pressure above, and the rebound momentum is lacking; in terms of technical indicators, the hourly MACD indicator formed a death cross and continued to diverge downwards, with both DIF and DEA in the negative zone, continuously releasing bearish momentum. The RSI indicator is approaching the 30 oversold threshold, and there may be a technical rebound demand in the short term, but it is difficult to change the overall weakness; the RSI indicator has long remained below 40 in the weak zone, and today's operational strategy remains focused on shorting during rebounds, targeting opportunities for short positions near key resistance levels.
Large pancake 88000-89000 short, target 86400-85400
Ethereum 2890-2930 short. Target 2810-2770
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