Yueying: 11.21 Bitcoin and Ethereum Market Analysis Today Black Friday Will Drop Again with Oversold Conditions? Includes Intraday Short-term View — Let’s see today’s sharing!

Bitcoin Technical Analysis ————

Bitcoin daily chart shows a large bearish candle forming at the previous K, with the opening price continuing downward testing the lower Bollinger Band, which is opening downward. The moving averages remain in a bearish alignment. The MACD fast and slow lines are extending downward with increasing histogram bars. The KDJ has turned but has not crossed again, continuing downward. The VR indicator is consolidating around 40, and RSI remains in the oversold zone downward. On the four-hour chart, the price is resisted around the midline, with a consecutive decline breaking below the lower band. The Bollinger Bands are opening downward again, with short-term moving averages extending downward. The MACD has crossed downward with increasing histogram bars. The KDJ shows signs of turning, and the VR indicator is consolidating near 40. Overall, all indicators continue downward, maintaining an extremely weak trend. Yueying estimates that the market will experience another wave of accelerated decline before it can completely bottom out, forcing the bulls to surrender. The estimated price level should be around 77,000, with short-term resistance near 88,000 below, and support around 83,000. Short-term trading suggestions are recommended.

Bitcoin Short-term Suggestions: long at 83,800, short at 86,900 (strategy activation with profit, self-managed)

Yimao Technical Analysis ————

Yimao has once again refreshed lows, so I won’t elaborate on the technical aspects. Overall, it is also in an extremely weak state, and can be referenced in conjunction with Bitcoin. Currently, there are signs of accelerated downward movement, and the rebound strength is weak, so only intraday long and short entry points are provided. For consultation, please refer to Yueying. Short-term trading suggestions are recommended.

Yimao Short-term Suggestions: long at 2,630, long at 2,588 (strategy activation with profit, self-managed)

— I am Zhou Yueying, a teacher focusing on technical analysis. If anyone has questions about operations or trends, you can learn and discuss with me! Let's communicate and profit together!#BTC #ETH