Morning of November 7th, market analysis
From the technical structure of the four-hour chart, the Bollinger Bands are diverging in a flat state, and the price is oscillating around the middle track, accompanied by each rebound but it has not been effectively continued but has fallen back under pressure, but after several falls and pins, it has not been effectively continued, indicating that the bottom support is still relatively strong. Although the bulls have rebounded in shape, the strength is obviously not enough, and there is still a demand for falling back. The overall is still running within the range, and the attached indicator MACD crosses downward, the bearish volume is enlarged, and the KDJ three lines cross downward, indicating that the market still has further downward exploration needs, so the current operation is still based on high shorts and low longs to deal with the market!
Morning operation suggestions:
#BTC: Directly short in the 35300-35200 area, defend 35600 and target 34800 nearby
#ETH: Enter short in the 1910-1920 area, defend 1935 and target 1880 nearby
