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11.18 Evening Analysis of BTC and ETH:
The 4-hour cycle shows weakness, with a rebound followed by consecutive declines. The bearish volume is spreading, and the long lower shadow indicates support battles, but it is difficult to change the weak trend. The short-term rebound is a tired pullback. The 1-hour chart shows a step-like decline, with prices moving along the lower Bollinger Band, lacking rebound momentum, and the probability of continued decline is high. In the evening, maintain the strategy of shorting on rebounds at highs, relying on key resistance to gradually allocate light positions, and strictly adhere to position management to avoid risks.
Operating Suggestions:
BTC: In the 91500-92000 range, the first target is 90000, and the second target is 89000.
ETH: In the 3100-3150 range, the first target is 2950, the second target is 2900$BTC