11.21 Afternoon Thoughts
From a 4-hour perspective, the market has been strongly suppressed by the upper trend, with the Bollinger middle line continuously pushing down, and the rebound is quite weak. Overall, since last week, the trend has been downward, and it is not advisable for friends looking to catch the bottom to do so now.
Since last night, Bitcoin has continued to test lower levels, and this morning the 86000 level has also been broken, currently pushing towards the support at 85000. The volume of the upper trend has not decreased, and the focus remains on making trades after rebounds in the short term. The key resistance level to watch above is 88000.
Bitcoin: Trade around 86300-86800, looking down to 85000
Ethereum: Trade around 2830-2850, looking down to 2700
