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Mu Feng's Trend Analysis: The weekly chart shows a low-level consolidation and recovery on November 17th, with strengthening support below. Intraday pullbacks are expected to be followed by rebounds.

2025-11-17 11:18:31
Shareshare
From a technical perspective, the Bitcoin/Ethereum weekly chart shows a continued bearish trend this week with the KDJ and MACD indicators forming a death cross and increasing volume. The Bollinger Bands, however, have been trending upwards overall, with the lower band consistently closing in on the price, indicating stronger support below. On the daily chart, the KDJ, MACD, and Bollinger Bands are still in a bearish confluence today, but the decline is significantly weaker than yesterday, suggesting strong support at the lows. On the 12-hour chart, the KDJ is currently turning upwards from a low level, while the MACD and Bollinger Bands are still trending downwards. This indicates a weakening of the bearish momentum after bottoming out. However, due to the strong selling pressure last week, the rebound after finding support is now fiercely battling against last week's resistance levels (such as the 12-hour MA10 and MA30). As for tonight's short-term overall trend, it will mainly be sideways fluctuation, with a slight upward technical adjustment in the form of small rebounds. The recommended strategy is to buy on dips, with specific entry points as follows: BTC: Buy at 95000-94500, target 97000; ETH: Buy around 3170-3150, target 3250. These are my personal trading suggestions for tonight. Market conditions change rapidly, and this article has a certain lag. Actual trading should be based on real-time guidance in the trading room. If you have any questions, please feel free to contact me.
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