11.22 Bitcoin/Ethereum trend is strengthening, watch for pullbacks after rallies

Bitcoin/Ethereum formed new long positions at 82,500 and 2,680 in the early hours last night, and the market quickly surged to 85,500 and 2,800 within about an hour, successfully hitting the take-profit targets. After a night of fluctuating up and down, the overall volatility has been narrowing, and the lows are gradually moving higher, showing signs of a stabilizing trend. After several rounds of bottom-building, a new round of rebound and rally is likely. However, in the short term, multiple bottom-building phases are still needed, and the market remains volatile. Recent candlesticks show a downtrend with volatility, and the daily chart features several long upper wicks and large bearish candles, indicating heavy selling pressure and weakening bullish momentum. Technically, both the DIF and DEA are below the zero axis and continue to diverge downward, with bearish forces prevailing, but the green bars are shortening, hinting at stabilization.

Intraday high-sell, low-buy strategy suggestions: consider shorting Bitcoin near 85,500-86,000 with a target around 83,500; short Ethereum near 2,800-2,830 with a target around 2,740.

For longs, consider buying Bitcoin near 83,000-83,500 with a target close to 85,300; buy Ethereum near 2,700-2,720 with a target near 2,790.