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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.
BTC3.31%
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