Mufeng Looks at Trends: Analysis of Bitcoin/Ethereum Market on November 21st with Trading Suggestions

From a technical structure perspective, the daily KDJ, MACD, and BOLL are all continuing to decline in resonance today. The main chart's three-day moving averages are significantly dropping, putting pressure on the market, and all indicators point to a downward trend. The 12-hour KDJ is turning down, while MACD and BOLL continue to exert pressure. The main chart's three-day moving averages also maintain a bearish downward structure. The short-term analysis thought process from early morning is basically consistent with yesterday's, and there are no significant technical changes, so the bearish outlook continues. The trading suggestion is to primarily short on rebounds, and for stability, it is recommended to short in batches using a diversified approach. Specific points of reference can be:

BTC: Short at 89000-89500, target 87000, stop loss at 90200

ETH: Short around 2910-2940, target 2810, stop loss at 2970

The above are personal trading suggestions from early morning. The market is ever-changing, 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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