November 22nd afternoon layout analysis

#比特币波动性 Since yesterday morning, the price of Bitcoin has been fluctuating in the range of 83500-85000 with a range of about 800-1500 points.

On the daily chart, the price has been continuously declining, forming a series of bearish candles, showing an overall weak pattern. The selling pressure in the market is quite large, making it difficult to see strong rebound signals in the short term. On the hourly chart, the price trend shows a fluctuating pattern, with highs gradually decreasing and lows constantly probing lower, indicating that the market is still digesting bearish pressure, overall showing a trend of weak correction. The MACD on the hourly chart is below the zero axis, with both DIF and DEA being negative, and there are signs of convergence. This indicates that although the bearish trend still dominates, the overall trend remains bearish. In the EMA hourly chart, the 7-period moving average at 84529 and the 30-period moving average at 85135 have formed a death cross and are diverging downwards. At the same time, the 120-period moving average at 89239 is far above the current price, indicating that the overall trend is still bearish.

Bitcoin: 84500-85000 short, target: around 83500

Ethereum: 2760-2780 short. Target: around 2700