Market Analysis and Strategy for the Evening of November 22



BTC and ETH are currently near the lower Bollinger Bands, showing oversold signals on the hourly level. However, the daily trend remains bearish, characterized as a "retracement correction during a downtrend."
The Federal Reserve's expectation of a rate cut in December has failed, leading to a spread of panic in the market; BTC has fallen for 11 consecutive days on the daily chart, and ETH has entered a structured downtrend channel, overall in a "gradual decline + rebound to entice" deleveraging phase.

Trading Strategy: Short on Rallies
$BTC rebound to the 84600-85500 range, first target 82000, if broken look to 80000
$ETH rebounded to the 2750-2780 range, first target 2650, if broken look at 2600
#ETH #BTC #比特币行情观察 #加密市场观察 #今日你看涨还是看跌? $XRP
ETH6.84%
BTC1.78%
XRP-0.04%
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