Liang Qiu: On November 18th, short-selling sentiment in the Bitcoin/Ethereum market remained high, and chasing the market down was not advisable.

Since its surge on November 10th, Bitcoin/Ethereum has been trending downwards with increasing volatility. Following this, the price action saw further sharp declines in the past two days, repeatedly breaking lows and indicating a weakening trend. However, shorting in this weak market is not advisable. Firstly, previous round number support levels have been broken, but the bottoming process will not be immediate; there will be multiple tests to see if further lows are reached. Secondly, after breaking the 90,000 level, Bitcoin is currently focused on the key weekly support level of 88,500, while resistance lies at 96,000. Ethereum, in the short term, is expected to trade within a wide range, with support at 2920 and resistance at 3200. Intraday focus should be on the technical recovery phase following the sharp drop; the strength of any bullish rebound should be observed first within the short-term downtrend. Trading suggestions: Bitcoin: Buy around 89,300-89,800, target around 91,500; Ethereum: Buy around 2960-2980, target around 3050, with further targets at 88,500 and 3920. The above analysis and strategies are for reference only; please bear the risks yourself. Article review and publication may not be timely; please refer to real-time updates.