November 21 BTC/ETH Strategy Analysis:

The non-farm data is the last straw that broke the camel's back!

After the non-farm data was released, the price plummeted, and the crypto market value dropped to 3 trillion, with a daily decline of 6.3%. Before this, there was a hint of a rebound which was a trap. Yesterday's strategy was to trap at the 928,000 line, and there were also traps at the current price after the US market opened. Did anyone hold on? Currently, market panic continues, and the main players have cut losses and exited the market, leaving only retail investors struggling!

BTC
The current market clearly shows a downward trend, with the monthly mid-line support broken and no buying pressure entering, resulting in weak rebound strength. At the hourly level, there is a demand for a rebound with shrinking volume, but given the current situation, it is not advisable to go long. A daytime rebound must stabilize above 86800 to have strength, and it would be prudent to wait at 88200.

Consolidating around the 8630-8680 range, targeting a break below 8520 down to 8360-8120.

ETH
Around the range of 2832-2859, the target is to look at 2728-2685 if 2768 breaks down.

Short-term trading is flexible and variable, and defense is determined based on the actual situation of your position! #BTC #ETH