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Mufeng looks at the trend: The weekly low on November 17 is experiencing a low-level oscillation repair, with stronger support below, and the pullback during the day is expected to see a rebound first.
From a technical structure perspective, the Bitcoin/Ethereum weekly level this week's KDJ and MACD dead cross continues to expand the decline, while the BOLL overall has been moving upward this week, with the lower band continuously rising to align with this week's coin price, indicating that the support below has strengthened. At the daily level, today's KDJ and MACD and BOLL are in a continuous bearish resonance phase, but the decline compared to yesterday has clearly weakened, indicating strong support at the low point. At the 12-hour level, the KDJ is currently turning upward from a low position, while the MACD and BOLL are still continuing to decline overall. It can be seen that after hitting the bottom, the bearish momentum has weakened, but due to the excessive selling pressure last week, the rebound sentiment after hitting the bottom is now in a fierce struggle with last week's resistance level (resistance levels such as the 12-hour MA10 and MA30). As for tonight, the overall short-term focus will be on sideways fluctuations, with a slight upward rebound in the form of technical adjustments. It is recommended to primarily focus on buying on dips, with specific points of reference:
BTC: Buy at 95000-94500, target 97000
ETH: Buy around 3170-3150, target 3250
The above is a personal evening trading suggestion. The market is constantly changing, and the article has a certain delay; specific operations should be based on real-time guidance in the actual market.