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Silk Road on the evening of November 20
In the afternoon, the big pancake quickly rose to the 93000 line but immediately faced strong pressure and fell back. Since then, it has been suppressed below the middle Bollinger band and has started a continuous downward trend. The second pancake, on the other hand, has been oscillating slowly between the upper and lower Bollinger bands, with fluctuations not as large as the big pancake.
Currently, from the four-hour level structure, the overall trend is still operating in a downward oscillation channel, with the midline consistently representing a key resistance that is difficult to break through. The essence of the weakness lies in the continuous shrinkage of trading volume. Coupled with the current weak market liquidity and the lack of clear willingness from major funds to intervene, the short-term rebound basically belongs to technical repair rather than a reversal pattern. Additionally, with the non-farm data about to be released tonight, I personally suggest focusing on K-line, but be careful to maintain strict defense to prevent any impact on market conditions from the news tonight.
Personal suggestion
The pancake is entering the range of 92500-93500, targeting down.
Look near 90000
The second pancake is around 3060, looking down at the 2980-2930 area #晒出我的Alpha积分 #今日你看涨还是看跌? $BTC $ETH $ZEC