Mu Feng's Trend Analysis: November 13th - After yesterday's decline, the market rebounded again. In this range-bound market, pay attention to potential breakouts.
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From a technical perspective, the daily KDJ indicator showed weakening upward momentum today, and the MACD upward turn also narrowed. The Bollinger Bands continued their downward trend with increasing volume. While the 5-day moving average (MA5) continued its upward turn, the price fell below the 5-day moving average (MA30) due to resistance. On the 12-hour chart, the KDJ and MACD indicators showed decreasing bullish momentum, and the Bollinger Bands were in a narrowing downward phase. The 3-day moving averages on the main chart continued their downward trend at varying degrees, with the MA30 accelerating its decline. Overall, the intraday outlook remains bearish with continued downward movement. Short-term trading should focus on shorting on any rebounds, with specific entry points as follows: BTC: Short at 104000-104500, target 102500-102000; ETH: Short near 3560-3590, target 3490-3460. These are personal intraday trading suggestions. Market conditions change rapidly, and this article may be outdated. Actual trading should be based on real-time guidance. Please feel free to contact us if you have any questions.
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