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November 25th afternoon Bitcoin Ethereum market analysis and trading strategy
Recently, the K-line has shown a fluctuating downward trend, with the price gradually retreating from the high of 2927 to around 2905, forming a small bearish candle. On the daily chart, after yesterday's strong bullish candle, today has closed with a long upper shadow, indicating clear pressure above and a weakening of upward momentum in the short term.
The hourly MACD histogram continues to shorten, with the DIF and DEA forming a death cross, indicating weakened momentum; although the daily level is still in a bullish range, signs of weakening are also emerging, and it may face correction pressure in the short term. The hourly EMA7: 2921 has been broken, and the current price is supported near EMA30: 2892. In the long term, the daily EMA120: 2856 is far below the current price, which may face some correction in the short term.
Bitcoin: 87400-88000 short, target: around 86000
Ethereum: Short near 2900. Target: Around 2800 #BTC $BTC $ETH