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Analysis of Bitcoin and Ethereum market on the afternoon of November 21.
Looking back at the morning market, the price of Bitcoin briefly rose to around 88200 but failed to maintain the upward momentum, falling back to the low point of 81111 in the afternoon. Ether followed Bitcoin closely, retreating from around 2906 to near 2640. The rebound strategy suggested in the morning has been successfully validated by the market, with both Bitcoin and Ethereum reaching the preset first targets. Friends who executed this strategy must have already taken profits and exited, as the market is never short of opportunities, but rather moves with the fluctuations of the market.
From the daily chart perspective, Bitcoin has broken below the support level near 85000, with a short-term rebound demand, but the overall trend remains bearish. The four-hour chart shows a strong bearish momentum, with the middle band of the Bollinger Bands continuously pressing down, indicating insufficient short-term rebound strength. On the hourly chart, the price rebounded to around 86000 but encountered resistance and fell back. If it cannot recover the lost ground at 86000, it may break below the 85000 support level, potentially dropping to around 83000. The afternoon's strategy continues to focus on a rebound towards a lower high.
Operation suggestion: Bitcoin around 84000-84500, target near 82000.
Ethereum is hovering around 2720-2750, with a target near 2600. #逆势上涨币种推荐 $BTC #美联储会议纪要将公布 $ETH