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11.21 Midnight BTC ETH Strategy Analysis: 💝
The current market is ridiculously weak, with four consecutive bearish candles on the four-hour chart pushing downwards. A large bearish candle has directly broken below the lower Bollinger Band, and there is no significant support level below in the short term. The market keeps falling, and the bulls don't even have the strength to fight back. The one-hour chart is even more exaggerated, with six consecutive bearish candles plunging downwards, starting to drop from the middle Bollinger Band. The bulls are completely being pressed down by the bears, and the MACD indicator shows the two lines dropping more aggressively, with the green bars below the zero axis continuously increasing.
Trading suggestions: Short BTC around 88000, target 86000-85000; Short ETH around 2950, target 2770-2720.