November 22nd Afternoon BTC/ETH Market Analysis and Trading Ideas

On the daily level, recent prices have continued to decline, forming a series of bearish candles, overall presenting a weak pattern. The selling pressure in the market is quite large, and it is difficult to see strong rebound signals in the short term. On the hourly level, the price trend shows a fluctuating pattern, with highs gradually decreasing and lows constantly probing lower, indicating that the market is still digesting bearish pressure, overall showing a trend of weak correction.

The MACD on the hourly chart is below the zero axis, with both DIF and DEA being negative and showing signs of convergence. This indicates that although the bearish trend still dominates, there may be some rebound demand in the short term. However, this rebound may only be temporary, and the overall trend remains bearish.

In the EMA hourly chart, the 7-period moving average 84529 and the 30-period moving average 85135 have formed a death cross and are diverging downward. At the same time, the 120-period moving average 89239 is far above the current price, showing that the overall trend still leans bearish, making it difficult to escape the downward pressure in the short term.

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

Bitcoin: 84500-86000 short, target: around 83500

Ethereum: 2760-2780 short. Target: around 2700 #币安合约实盘 #比特币走势分析 #以太坊合约 $BTC $ETH