Mufeng Looks at Trends: 12.2 Bitcoin/Ethereum Market Analysis with Trading Suggestions

This week, KDJ, MACD, and BOLL bearish signals have resonated. As mentioned in previous analyses, the weekly update is likely to trend downward, marking a release period for bearish sentiment. During the second half of November, the market has been adjusting and has struggled to stay above resistance levels. This round of fluctuations is clearly laying the groundwork for a new wave of declines in terms of volume. The daily KDJ has significantly dropped, and BOLL has continued to weaken overall, with a slight opening at the lower band. An opening during a decline often indicates extremely strong bearish sentiment. In the main chart, the three-day MA averages have sharply declined, with the MA30 accelerating downward. Therefore, we continue to hold a bearish outlook for the day, and specific trading points can be referenced as follows:

BTC: Current price 86,600-87,000 short, target 85,000

ETH: Current price around 2,800-2,820 short, target 2,740

The above are personal intraday trading suggestions. Market conditions change rapidly, and this article may have some lag; it is for reference only. Specific operations should be guided by real-time market conditions.

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