#比特币行情观察 In the afternoon market, the situation is once again clear as day, with the afternoon's trend showing a continuous decline without any signs of a rebound, consistent with what Ma Ge analyzed. Looking back at the 4-hour chart, there was a consecutive two-candle decline from around 83900 points to 82000 points without any rebound trend, while Ethereum synchronized around 2700 points, which then fell to a low of around 2600 points in the afternoon, followed by a slight rebound. Looking at the current market, Bitcoin has been continuously declining on the daily chart, with new lows being refreshed, and the solid bearish candles frequently featuring upper shadows, indicating strong selling pressure. The downward trend is accelerating, and on the four-hour level, as prices continue to drop, support appears to be bottomless. After each slight rebound correction from the bulls, the market is once again facing a downward breakout. Currently, the price is still in a downtrend; do not guess the bottom or seek the bottom. In terms of operations, it is recommended to maintain a strategy of favoring short positions while primarily taking long positions. Short at around 83000-83800 in the evening, target near 81000. Short near 2720-2750 for Ethereum, target around 2600.
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Evening layout analysis on November 21
#比特币行情观察 In the afternoon market, the situation is once again clear as day, with the afternoon's trend showing a continuous decline without any signs of a rebound, consistent with what Ma Ge analyzed. Looking back at the 4-hour chart, there was a consecutive two-candle decline from around 83900 points to 82000 points without any rebound trend, while Ethereum synchronized around 2700 points, which then fell to a low of around 2600 points in the afternoon, followed by a slight rebound.
Looking at the current market, Bitcoin has been continuously declining on the daily chart, with new lows being refreshed, and the solid bearish candles frequently featuring upper shadows, indicating strong selling pressure. The downward trend is accelerating, and on the four-hour level, as prices continue to drop, support appears to be bottomless. After each slight rebound correction from the bulls, the market is once again facing a downward breakout. Currently, the price is still in a downtrend; do not guess the bottom or seek the bottom. In terms of operations, it is recommended to maintain a strategy of favoring short positions while primarily taking long positions.
Short at around 83000-83800 in the evening, target near 81000.
Short near 2720-2750 for Ethereum, target around 2600.