Mu Feng observes the trend: On November 17, the weekly low is in a state of oscillation and repair, with strengthened support below, and for intraday pullbacks, we first look for a rebound.

CN
5 hours ago

From a technical structure perspective, Bitcoin/Ethereum's weekly KDJ and MACD have continued to show a death cross with increasing volume this week, indicating a downward trend. In terms of BOLL, the overall movement this week has been upward, with the lower band continuously rising and closely aligning with this week's coin price, suggesting that support from below has strengthened.

On the daily level, today's KDJ, MACD, and BOLL are in a continuous bearish resonance phase, but the extent of the decline has noticeably weakened compared to yesterday, indicating strong support at the lows. On the 12-hour level, KDJ is currently turning upward from a low position, while MACD and BOLL are still trending downward overall. This shows that after hitting the bottom, bearish momentum is weakening, but due to the strong selling pressure from last week, the rebound after hitting the bottom is now in a fierce struggle against last week's resistance levels (such as the 12-hour MA10 and MA30).

As for tonight, the short-term trend is mainly sideways with slight fluctuations, and it will undergo technical adjustments in the form of small upward rebounds. It is recommended to primarily focus on buying on dips, with specific points of reference as follows:

BTC: Buy around 95000-94500, target 97000

ETH: Buy around 3170-3150, target 3250

The above are personal trading suggestions for the evening. Market conditions change rapidly, and this article may have some lag. Specific operations should be guided by real-time market conditions. If you have any questions, feel free to consult.

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