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11.18 Early morning BTC & ETH technical analysis | Short positions trend is clear!
The Bollinger Bands on the hourly chart continue to expand, leading to increased short-term volatility and a simultaneous strengthening of trend momentum! The price surged but failed to stabilize, subsequently breaking below the middle band support, and continued to dip to touch the lower band, which is also diverging downwards — directly confirming the current downtrend structure dominated by short positions, with short momentum still being released, and the short-term downward inertia not yet concluded.
- BTC: Short positions in the rebound range of 93500-94300, target looking towards 92200-91400
- ETH: Short positions in the 3110-3140 range, targeting 3000-2960.