Xiaoyao KOL: Bitcoin and Ethereum Afternoon Market Analysis 11.17

Bitcoin's price has recently shown a downward trend with fluctuations. The daily chart shows a long bearish candle followed by a small bullish candle for recovery. Short-term, there is significant competition between buyers and sellers. The 4-hour Bollinger Bands are widening downwards, with the price moving along the lower half of the band. The MACD histogram is shortening but has not yet formed a golden cross. The RSI is in oversold territory. Ethereum's short-term moving averages are in a bullish alignment, but the price is near the strong support level around 3000, indicating limited downside potential. The RSI is in neutral territory, and the MACD histogram shows expanding bearish bars, indicating that bullish forces still have an advantage, but momentum is weakening. A short-term correction is expected. Intraday trading is recommended to buy on dips. Specifically, for Bitcoin, buy around 94000-94500, with a target around 96500; for Ethereum, buy around 3130-3160, with a target around 3250. However, market conditions are constantly changing, and this article is time-sensitive. Those entering the market should refer to real-time guidance.