From the four-hour chart perspective, BTC is showing a slow upward trend with small bullish candles, but it still can't break through the previous high. The candlestick bodies are getting narrower and narrower, clearly showing weakness—like a climber exhausted, each attempt to push higher becomes more strenuous, and the upward momentum has long since faded.
The struggle on the one-hour chart is even more obvious; the upper band of the Bollinger Bands has become solid resistance. The frequent upper wicks are like repeated attempts being forcefully pushed back, highlighting the heavy selling pressure above and the difficulty in breaking through.
BTC: Sell near 86,400-87,000, target 84,000; if that breaks, look to 82,000. ETH: Sell near 2,830-2,880, target 2,750; if that breaks, look to 2,660.
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November 23 Intraday BTC & ETH 💝
From the four-hour chart perspective, BTC is showing a slow upward trend with small bullish candles, but it still can't break through the previous high. The candlestick bodies are getting narrower and narrower, clearly showing weakness—like a climber exhausted, each attempt to push higher becomes more strenuous, and the upward momentum has long since faded.
The struggle on the one-hour chart is even more obvious; the upper band of the Bollinger Bands has become solid resistance. The frequent upper wicks are like repeated attempts being forcefully pushed back, highlighting the heavy selling pressure above and the difficulty in breaking through.
BTC: Sell near 86,400-87,000, target 84,000; if that breaks, look to 82,000.
ETH: Sell near 2,830-2,880, target 2,750; if that breaks, look to 2,660.