Silk Road on the morning of 11.22

Looking back at the intraday market, Bitcoin rebounded to the resistance level around 88000 in the morning, but then dropped like a deflated balloon, falling to the evening low of around 80600. The altcoin followed Bitcoin, rebounding to the high of around 2900 in the morning, and then quickly descending to the evening low of around 2620. Throughout the day, there were several precise predictions on the market's direction, so there's really no point in trying to guess the bottom in such a market.

From the current structure of the market, the daily level shows a step-down pattern. Prices are repeatedly oscillating near the lower Bollinger Band, while the three-line indicators continue to extend downwards. Both in terms of technical formation and market environment, the downward trend has a clear advantage. Market sentiment and price movement resonate with each other, further reinforcing the downward trend. Additionally, regarding the MACD indicator, the fast and slow lines continue to operate in the weak area below the zero axis, indicating that the green energy bars representing downward momentum are continuously expanding, suggesting that under the dominance of negative factors, selling pressure is still increasing, and the overall market is shrouded in strong bearish sentiment. Therefore, for the early morning operations, we still recommend a rebound high short strategy.
Operation Suggestions
Bitcoin: Around 85000-85200, target near 83500.
Second pancake: around 2780-2800, target near 2650 #今日你看涨还是看跌？