11.23 Midday Market Analysis and Strategy
#BTC has rebounded from the low point of 80600 to 86541, having broken through the upper Bollinger Band, but the volume is only 100,100, which is considered a "no-volume breakout"; although the 4-hour MACD has a golden cross, the red bars have not expanded, indicating a decline in rebound momentum.
#ETH has rebounded to 2827, having touched the upper Bollinger Band, but the 4-hour KDJ is in the overbought zone, with a clear "top divergence" signal; net capital inflow is 169 million, and market attention is weaker than BTC.
This is a "technical repair after an oversell," not a trend reversal— the daily descending channel has not been broken, and as long as BTC does not stand back at 88000 and ETH does not stand back at 2900, all rebounds are "bearish traps for inducing buying."
Operational Strategy:
$BTC 86500-87000 southbound, target 84500-83000, break point 80600
$ETH 2830-2850 southbound, target 2750-2700, break point 2620
