Mu Feng analyzes the trend: On 11.12, prices are oscillating slightly bearish, waiting for the right-side trading opportunities is optimal, maintaining the idea of shorting on rebounds.

From a technical structure perspective, the daily chart today shows KDJ and MACD continuing to resonate upward, but BOLL still mostly oscillates downward. The main chart's MA5 daily moving average's increase compared to yesterday has weakened, while MA10 and MA30 daily moving averages continue to decline. On the 12-hour chart, the current KDJ shows a dead cross turning downward, MACD indicators show decreasing bullish momentum, and BOLL continues to press downward overall. The current price has again broken below the midline, with a slight gap between the short-term price and the 5-day moving average. During the evening, there may be a slight rebound, but the strength is unlikely to be strong. If a rebound occurs, it would be an excellent opportunity to enter short positions. Overall, the daily selling pressure remains significant. In the short term, we continue to adopt a high-altitude shorting trading strategy, taking partial positions on rebounds to short. Specific levels can be referenced as follows:

BTC: 105,000-105,500 short, target 103,500-103,000

ETH: 3,500-3,530 short, target 3,430-3,400

The above are personal intraday trading suggestions. Market conditions change rapidly, and this analysis may be somewhat lagging. Actual trading should be based on real-time guidance.