Mu Feng Looks at Trends: 11.24 Bitcoin/Ethereum Market Analysis with Trading Suggestions

From a technical structure perspective, Bitcoin/Ethereum's weekly KDJ and MACD continue to decline significantly this week. In terms of BOLL, there has been a change in the opening of the lower band compared to last week (though it is currently just a slight opening, which suggests that there may be a technical correction from the weekly level this week or next). On the daily level, the KDJ has shown a slight upward technical change from a low position, while the MACD and BOLL continue to oscillate downward overall. The MA of the main chart shows that the three-day moving averages continue to decline at different amplitudes. Overall, the daily trend is mainly sideways and downward, as the daily level continues to exert strong pressure, which also limits the rebound sentiment of the weekly level. Therefore, for short-term trading today, it is recommended to focus on a high short trading strategy. Specific points of reference are as follows:

BTC: Current price 87000-87500 short, target 84500

ETH: Current price around 2840-2870 short, target 2740

The above is my personal trading suggestion for today. The market changes rapidly, and the article may have some lag. Specific operations should be based on real-time guidance. If you have any questions, feel free to consult. #ETH走势分析