11.26 Market Analysis: Bitcoin Selling Pressure is Severe, Decline is Not Over Yet

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3 hours ago

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  BTC: After failing to break the 100,000 mark twice in a row, Bitcoin has begun to undergo a daily level correction. Currently, it has fallen below the strong support of the 5-day EMA on the daily chart, and there are signs of a bearish divergence in the MACD. On the hourly chart, it is also showing a downward three-wave pattern, with short-term resistance around 94,500. If it cannot stabilize above this level, the price will continue to decline.

ETH: After a continuous decline, the price has started to rebound, with short-term resistance around 3,420. Pay attention to whether this level can be effectively broken.

For more explanations, please patiently watch the video. If you have any questions, you can follow the public account: Ding Junxian.

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