BTC/ETH Market Analysis and Trading Strategy for the Afternoon of November 22

On the daily chart, prices have been falling continuously, forming consecutive bearish candles and displaying an overall weak pattern. There is significant selling pressure in the market, making it difficult to see strong rebound signals in the short term. On the hourly chart, the price movement shows a consolidation pattern, with lower highs and lower lows, indicating that the market is still digesting bearish pressure and is in a weak pullback trend overall.

The hourly MACD is below the zero line, with both DIF and DEA in negative territory and showing signs of convergence. This suggests that although the bearish trend is still dominant, there may be some short-term demand for a rebound. However, this rebound is likely to be temporary, and the overall trend remains bearish.

On the hourly EMA, the 7-period moving average at 84529 and the 30-period moving average at 85135 have formed a death cross and are diverging downward. Meanwhile, the 120-period moving average at 89239 is far above the current price, indicating that the overall trend remains bearish and it's difficult to escape downward pressure in the short term.

Based on candlestick patterns, technical indicators, and volume data, the market is still in a weak range. Although there may be some short-term rebound demand, the overall bearish trend has not changed.

Bitcoin: Short at 84500-86000, target: around 83500
Ethereum: Short at 2760-2780, target: around 2700 #比特币行情观察 $BTC ‌$ETH ‌