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#ETH 11.21BTCETH evening action analysis strategy update🧡
In the afternoon, the market was completely dominated by bears, with a one-sided downward trend and no rebound, consistent with expectations. BTC's 4-hour chart showed two consecutive bearish candles, with the price dropping from around 83900 to 82000, without any rebound throughout.
ETH has synchronized from around 2700 to a low of 2600, followed by a slight rebound.
The current market shows BTC on a daily line with continuous downward movement and consistently refreshing lows. The solid bearish candles have long upper shadows, indicating extremely high selling pressure. The support at the 4-hour level continues to fail as the price declines, and after a small bullish rebound, it will inevitably break down, clearly indicating a downward trend.
We still won't guess the bottom tonight, nor will we buy the dip; we'll focus on shorting.
Operation Suggestions
BTC: Short in the range of 83000-83800, targeting around 81000.
Short ETH in the range of 2720-2750, with a target around 2600.
⚠️ Strategies are time-sensitive. Friends who are unsure about the rhythm and do not fully understand the market, please close quickly.