Bitcoin and Ethereum Afternoon Trading Recommendations and Future Trend Analysis: 11/13

Bitcoin (BTC) Afternoon Market Analysis (11/13): The current BTC market is showing a clear downward trend. Technical signals and external factors both point to the possibility of further price declines. Technical analysis shows a strong bearish resonance between the Evening Star pattern and the death cross of the moving averages (MAs), and the price is approaching the strong resistance level of 103681.8, with weakening momentum and a short-term rebound likely to be hindered. Meanwhile, market sentiment and volatility indicators (BOLL and RSI) have not provided clear reversal signals, further reinforcing the possibility of a downward trend. Given that the current market is in a downtrend confirmed by the Evening Star pattern and the death cross of the MAs, and the price is approaching the strong resistance level of 103681.8 with weakening momentum and a short-term rebound likely to be hindered, shorting near the strong resistance level is a prudent choice to follow the trend. Trading Recommendations: Bitcoin (BTC) can be shorted around 103800-104500, with a target of 102500-101500. Bitcoin (BTC) can be shorted around 3560-3580, with a target of 3480-3430.