Mu Feng's Trend Analysis: Bitcoin/Ethereum Market Analysis and Trading Suggestions for the Evening of November 17th

Short selling volume increased in the evening, causing a pullback in the market. Long positions that were placed in advance were stopped out due to incorrect entry points. On the daily chart, the KDJ and MACD indicators are currently in a bearish crossover and trending downwards. While the Bollinger Bands have widened, there's a discrepancy between the magnitude of the drop and the width of the band (a smaller band and a stronger drop indicate a weak technical decline, and the indicators have broken down, suggesting a potential rebound). On the main chart, the three-day moving averages are strongly bearishly aligned. Note the Bollinger Band break and the gap between the price and the 5-day moving average; a technical rebound is expected. It's not recommended to chase the downtrend at lower levels. In summary, short-term trading can continue with buying on dips in batches. Specific entry points are as follows: BTC: Buy at 93700-93000, target 96000, stop-loss at 92200. ETH: Buy around 3100-3070, target 3200, stop-loss at 3030. These are my personal trading suggestions for the evening. Market conditions change rapidly, and this article may be outdated. Actual trading should be based on real-time guidance. Please feel free to contact me if you have any questions.