Mufeng looks at the trend: 11.21 early morning Bitcoin/Ethereum market analysis with trading suggestions

From a technical structure perspective, the daily level KDJ, MACD, and BOLL are continuously moving downward in resonance today. The main chart's MA three-day moving averages are sharply declining, putting pressure on the market, and all indicators point to a downward trend. The 12-hour level KDJ is turning downward, with MACD and BOLL continuing to apply pressure. In terms of the main chart, the MA three-day moving averages also maintain a bearish downward structure. The short-term analysis thoughts from early this morning are basically consistent with yesterday, and there haven't been significant technical changes, so the bearish outlook continues. The operational suggestion is to focus on shorting during rebounds, and for stability, it is recommended to take a batch shorting approach. Specific points of reference can be as follows:

BTC: Short at 89000-89500, target 87000, stop loss 90200

ETH: Short near 2910-2940, target 2810, defense at 2970.

The above is my personal operation suggestion for the early morning. The market conditions change rapidly, and the article has a certain lag. Specific operations should be based on real-time guidance. If there is anything you do not understand, feel free to consult.