On the evening of 11.21
Bitcoin is currently operating near the position of 82370. In the short term, a long bearish candlestick has appeared during the decline, directly breaking through the lower Bollinger Band, which usually indicates significant short-term selling pressure. The current candlestick is near the lower Bollinger Band, showing signs of short-term overselling. After breaking down through the lower Bollinger Band, there may be a demand for an oversold rebound in the short term, but the overall trend remains in a downward channel.
The KDJ indicator is in the oversold area, indicating the possibility of a short-term rebound and repair.
The MACD indicator's dual lines are both in the negative region, and the MACD histogram is green, indicating that the medium-term trend remains bearish.
In the short term, as it is at the lower Bollinger Band and KDJ is oversold, a slight rebound may occur, but the rebound space may be limited.
From the overall trend perspective, the price is still in a downward channel, and the medium-term trend is bearish,
Bitcoin suggests a rebound near the position of 82706--83634, targeting around 81200--80100.
Ethereum suggests a rebound to around 2730--2770, targeting around 2660--2620.
The above is only personal advice for reference; please refer to the layout by Haoyu Stone Plate #btc $BTC
