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Morning of November 21


Bitcoin is still operating in a downtrend channel, with the intraday rebound being only a short-term correction, and the strong drop at night further consolidating the bearish pattern.

The four-hour level price is sticking to the lower Bollinger Band, with a rebound lacking in volume, and the low-level shrinking volume consolidation is building momentum for a subsequent decline.

In the morning rebound, one can layout short positions based on key resistance levels, with strict stop-losses. It is not recommended to go against the trend and buy the dip.

The pancake futures are at 88000, with resistance near 89000. Looking down to around 85000, and if broken, watch for 83000.
The second pie is against Tan at 2900, near 2950 for the kite, looking down at around 2800, and if it breaks, looking at around 2750.
#逆势上涨币种推荐 #美联储会议纪要将公布 #比特币行情观察
ETH-4.72%
GT-6.38%
BTC-3.14%
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