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#比特币波动性 $BTC November 21 Market Observation
Current quote: 85746. Don't be fooled by technical indicators showing a engulfing pattern and RSI entering oversold territory; this is more like a technical correction after a sharp decline, not a true bottom signal. The price is still hovering below the moving averages, and the overall trend remains downward. The position outside the lower Bollinger Band appears oversold, but in reality, it's just a weak rebound, and the bulls lack strong buying willingness. The shrinking volume doesn't mean the bears are tired; it indicates that buying power cannot keep up. After the rebound, it is highly likely that the market will continue to seek a bottom.
Trading strategy: Consider attempting short positions in the 86000-86500 range, targeting levels at 85000 and 84500.