#比特币波动性 Midday observation on November 21

Let's start with the conclusion: Don't rush to buy the dip right now.

From a technical perspective, the bears are quite aggressive in this wave of attack. The middle band of the Bollinger Bands keeps pressing down, making it difficult for prices to rebound. When stretched to the weekly level, the overall trend is a choppy decline, and it hasn't reached a position where one can confidently buy the dip.

Since last night, $BTC has been continuously weakening, and this morning it directly broke the key level of 86000. Now it's uncertain whether the support at 85000 can hold. The key point is that there are no signs of a decrease in short-seller strength. Even if there is a short-term rebound, it is not recommended to chase long positions; we need to wait until those key resistance levels above are truly broken.

Trading strategy reference:

$BTC can consider shorting lightly in the range of 86100-86600, with a target around 85000.
$ETH is more suitable for short positions in the range of 2830-2850, with a target price around 2700.

Of course, position control is always the top priority. The market changes quickly, and strategies must be adjusted at any time.