Wall Street Encryption Daily 2025/11/21

🔥 Main Title: US Stocks Open High and Close Low in "Massacre", Panic Spreads to the Encryption World

Main point: Bitcoin is approaching a critical life-and-death line, with the $75,000 to $85,000 area becoming the battleground for bulls and bears!

📉 Today's Focus Overview

On Thursday, the US stock market experienced a "roller coaster" reversal—after a significant surge at the opening, it plummeted in a one-sided manner, with technology stocks being the main force behind the decline. Funds saw a cumulative outflow of $2.5 billion over four weeks, marking the strongest exodus since 2021.

The already weak cryptocurrency market followed suit, with mainstream coins collectively performing a "dive," as the leading Bitcoin continued to decline, gradually approaching the annual low support area, showing a trend of not breaking, not stopping!

⚡ Core Strategy: Key Levels and Risk Control Layout

Current operations need to closely monitor key intervals. The resistance for Bitcoin is focused on the area between 87500 and 88800 dollars, while the support is primarily defended in the range of 84800 to 83100 dollars; Ethereum needs to break through the resistance zone of 2900 to 3000 dollars to open up space, with key support below at 2730 to 2600 dollars.

In terms of risk control, please strictly adhere to the red lines: the stop loss for Bitcoin short positions is set at $90,500, and for long positions, the stop loss reference is $81,300; the stop loss point for Ethereum short positions is $3,100, and for long positions, the stop loss point is $2,500.

💎 As the saying goes, one thought

The market is like a tide, where panic and opportunity resonate in sync.

"The True Classic of Bitcoin" - Amidst the rising winds and swirling clouds, we uphold our investment初心 together.