From the daily perspective, the current EMA moving averages of Bitcoin show a clear conical arrangement, with short-term moving averages consistently operating below long-term moving averages, indicating a strong trend direction. At the same time, the MACD indicator remains firmly below the zero axis, with green energy bars continuously expanding, indicating that the conical momentum is fully released and has strong follow-through. In conjunction with the mid-term trend, the conical dominant pattern is already very solid, and there is a high degree of consensus on the conical formation. Operation suggestions Bitcoin: Around 84200-84500, target near 82000. Two pancakes: around 2760-2780, target near 2600.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Silk Road on the evening of November 21
From the daily perspective, the current EMA moving averages of Bitcoin show a clear conical arrangement, with short-term moving averages consistently operating below long-term moving averages, indicating a strong trend direction. At the same time, the MACD indicator remains firmly below the zero axis, with green energy bars continuously expanding, indicating that the conical momentum is fully released and has strong follow-through. In conjunction with the mid-term trend, the conical dominant pattern is already very solid, and there is a high degree of consensus on the conical formation.
Operation suggestions
Bitcoin: Around 84200-84500, target near 82000.
Two pancakes: around 2760-2780, target near 2600.