🔔Market Trend Analysis for Bitcoin on November 22:

Daily resistance range for Bitcoin 87700-89350
The daily support range for the pancake is 82470-80850

Market Analysis
The daily chart shows that the recent price trend is exhibiting a downward fluctuation, with a significant drop on the 21st from a high of 87498.94 to a low of 80600(, forming a long upper shadow and a large bearish candlestick, indicating that the bearish forces are dominant. On the hourly chart, the price has some support around 84800, but overall it is still in a weak rebound state and has not been able to break through the previous high of 85620. The MACD on the hourly chart shows that both the DIF and DEA are negative, and the DIF is gradually approaching the zero line, indicating that the bearish momentum is weakening in the short term, and it may enter a phase of fluctuation or slight rebound. The RSI on the hourly chart is currently at 47.58, nearing the neutral zone, indicating that market sentiment is cautious and has not entered the overbought or oversold range. The current price of EMA is 84846.09, slightly above EMA7)84717.22(, but far below EMA30)85451.05( and EMA120)89738.44(, indicating a technical rebound demand in the short term, but the overall trend remains bearish. The daily trading volume on the 21st significantly increased to 72256, along with a sharp decline, indicating strong selling pressure. On the 22nd, the trading volume shrank significantly to only 1283, indicating a strong wait-and-see sentiment in the market, lacking a clear direction.

Suggested operation:
Short near BTC 87700-89350, target 86650-85750
Buy BTC near 82470-80850, target 83700-84550.
(Personal opinions are for reference only and do not constitute investment advice!) )#比特币行情观察 #BTC $BTC ‌