11.18 Evening BTC ETH Analysis

The bearish offensive continues to escalate! BTC and ETH show weakness in the 4-hour cycle: after a brief rebound, they begin to decline with consecutive bearish candles, with the short selling volume continuing to release and gradually spreading, confirming a weak pattern!

Despite multiple long lower shadows appearing below the bearish candlestick, suggesting phase support battles during the downward process, this is merely a short-term oscillation correction. The rebound is more inclined towards an exhausted pullback, which completely fails to reverse the overall downward trend! The 1-hour cycle presents a clear stair-step downward movement, consistently running along the lower Bollinger Band. The technical aspect lacks any rebound momentum, significantly increasing the probability of continued declines in the future!
Operation Suggestions:
BTC can fluctuate around 91300-91500, if it breaks below 90000, look for around 89000.
ETH can be traded around 3050-3100, if it breaks below 3000, look for around 2900. Evening analysis of BTC and ETH on 11.18.
The bearish offensive continues to escalate! BTC and ETH show weakness in the 4-hour cycle: after a brief rebound, they began a series of consecutive declines, with bearish volume continuing to be released and gradually spreading, the weak pattern has already been locked in!

Despite multiple long lower shadows appearing below the bearish candlestick, indicating the presence of periodic support during the downward process, this is only a short-term oscillation correction. The rebound is more inclined towards an exhausted pullback, which completely fails to reverse the overall downward trend! The 1-hour cycle shows a clear staircase-style downward trend, running along the lower band of the Bollinger Bands throughout, and the technical aspect lacks any rebound momentum, significantly increasing the probability of continued decline in the future!
Operation Suggestions:
BTC can oscillate around 91300-91500, and if it drops below 90000, look for a drop near 89000.
ETH can fluctuate around 3050-3100, and if it breaks below 3000, it may drop to around 2900.