BTC/ETH Market Analysis and Trading Strategy for the Afternoon of November 23

On the daily chart, the price has recently rebounded from the low of 86,100 on November 20 to the current 86,041. Overall, it remains in a downtrend, and the previous high has not been broken, indicating that there is no clear reversal signal in the market yet.

On the hourly chart, the price has shown a volatile upward movement recently, reaching a high of 86,075 and closing near that high. In the short term, bulls are dominant, showing signs of a certain recovery in market sentiment.

On the hourly MACD, both DIF and DEA are running above the zero axis, and DIF is gradually moving away from DEA, indicating that bullish momentum is gradually strengthening. However, it is important to be cautious of the gradually shortening red bars after three o'clock, which may indicate that the upward momentum is weakening in the short term.

The hourly RSI is at 59, in the strong zone but not yet in the overbought area. This suggests there is still some room for price to rise, and it may continue to go up in the short term.

Looking at the hourly EMA, EMA7: 85,918 has crossed above EMA30: 85,274, forming a golden cross, indicating a short-term bullish trend. However, EMA120: 87,805 is still far away, and this level forms strong upward resistance. Attention should be paid to the effective breakout of this resistance level.

In the short term, the hourly chart shows a volatile upward trend. Focus on the support at the 86,000 level and resistance near 86,500. If the price breaks above 86,500, it is expected to test the 87,000 level.

Bitcoin: Go long near 86,000, target around 87,000
Ethereum: Go long near 2,800, target 2,850-2,900 #美联储会议纪要将公布 #比特币行情观察 $BTC ‌$ETH ‌