Mu Feng's Trend Analysis: Bitcoin/Ethereum Market Analysis and Trading Suggestions (11.21 AM)

From a technical perspective, the daily chart shows a continued downward confluence of KDJ, MACD, and Bollinger Bands, with the three-day moving averages on the main chart exhibiting significant downward pressure. All indicators point to a decline. On the 12-hour chart, the KDJ has turned downwards, and the MACD and Bollinger Bands continue to exert downward pressure. The three-day moving averages on the main chart also maintain a bearish structure. The short-term analysis from the early morning is largely consistent with yesterday's, with no significant technical changes. Therefore, the bearish outlook remains. The recommended strategy is to sell on rallies. For a more conservative approach, it is suggested to sell in batches using a staggered entry strategy. Specific entry points are as follows: BTC: Short at 89000-89500, target 87000, stop-loss at 90200. ETH: Short near 2910-2940, target 2810, stop-loss at 2970. These are my personal trading suggestions from the early morning. Market conditions change rapidly, and this article may be somewhat outdated. Actual trading should be based on real-time guidance. If you have any questions, please feel free to contact me.