🔔November 21 Market Trend Analysis of Bitcoin:

Resistance range for the pancake within the day 89300-90950
The support range for the pancake within the day is 83900-82250.

Market Analysis
The daily chart for BTC shows a continuous decline in price recently, with a long bearish candle on the 20th, indicating strong bearish forces. Today, although there is a rebound on the 21st, the strength is limited, and it is still in a low-level consolidation. The hourly chart depicts a short-term rebound followed by a pullback, with highs gradually decreasing and lows also declining, overall showing weakness. In the MACD hourly chart, both DIF and DEA are negative and diverging downwards, and the MACD histogram shows an increase in bearish momentum. The daily MACD is also in a death cross state, with a bearish trend. The RSI on the hourly chart is around 37, not yet in the oversold zone but close, indicating weak market sentiment. The daily RSI has slightly rebounded to 37, still not out of the weak zone. The EMA hourly chart shows a bearish arrangement for the 7, 30, and 120 moving averages, with the distance between EMA7 and EMA30 narrowing, which could lead to short-term rebound pressure. The daily EMA for 7, 30, and 120 moving averages also shows a bearish arrangement, with prices far below the moving average system, indicating an ongoing bearish trend. The hourly trading volume fluctuates significantly, with a gradual shrinkage after a morning surge, indicating insufficient bullish strength. The daily trading volume significantly expanded yesterday but noticeably decreased today, suggesting a heightened market wait-and-see sentiment and a slowdown in capital inflow.
Suggested Action:
Short around BTC 89300-90950, looking at 88300-87400
Buy near BTC 83900-82250, look at 84800-85700.
(Personal opinions are for reference only and do not constitute investment advice!) ()#比特币行情观察 ‌