Mu Feng Looks at Trends: Analysis and Operational Suggestions for Bitcoin/Ethereum Market

This week, KDJ, MACD, and BOLL bearish signals are resonating together. A few days ago, I reminded everyone that the weekly update is highly likely to be downward, and it is a period of releasing bearish sentiment. During the second half of November, the market is adjusting and has been unable to stay above the resistance level, so this round of fluctuations is clearly laying the groundwork for a new round of declines in volume. On the daily level, KDJ has dropped significantly, and BOLL has been continuously weakening overall, with a slight opening at the lower band. The appearance of an opening during the decline often indicates that bearish sentiment is extremely strong. In the main chart, the MA three-day moving averages have dropped sharply, with the MA30-day moving average accelerating downward. Therefore, we continue to hold a bearish outlook for the day. Specific points for operation can refer to:

BTC: Current price 86600-87000 short, target 85000

ETH: Current price near 2800-2820 short, target 2740

The above are personal trading suggestions for the day. The market changes rapidly, and the article has a certain lag; it is for everyone's reference only. Specific operations should be based on real-time guidance in the actual market.