Analysis of ideas on the evening of November 21.

Observing from the 4-hour timeframe, Bitcoin has effectively broken below the Bollinger Band middle support, with the bands showing a clear downward opening trend. The price is continuously probing along the lower band, and bearish momentum is still persisting.

On the 1-hour level, multiple rebounds have failed to stabilize above the moving average system. The moving averages and the middle band of the Bollinger Bands collectively form a strong resistance. Each slight rebound faces quick selling pressure, creating a typical rebound correction pattern in a downward trend. The evening trading suggestion remains focused on short positions during rebounds.

It is recommended to short when the price rebounds to around 84000-84500, with targets down to 82500-81800. If it breaks down, continue to look down to 80k!
(Aggressive traders can short directly around the current price of 83600)
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