11.27 Wednesday Silk Road Analysis and Operation Suggestions:

Bitcoin 93000-93500 short in batches, watch 91000-90000

Ethereum 3350-3370 short in batches, watch 3200-3100

Bitcoin prices continue to decline, with only a brief rebound near 95000 yesterday before stopping the rise. Today, under the double pressure near 93500, the bearish trend is obvious. The cryptocurrency market has formed a standard descending triangle pattern, which is a typical continuation pattern of decline, especially in the recent downtrend, where every rebound near 95000 has been unable to break through.

Therefore, for today’s short operations, we should maintain a cautiously optimistic attitude. Last week, the market showed an overall upward trend, but this wave of decline has been a continuous drop, and we need to remain calm and not blindly try to catch the bottom. The Fibonacci retracement line has pointed us in the right direction, showing a clear bearish trend in the range of 93000 to 93500, making operations simpler and clearer.$BTC $ETH #比特币行情