Yueying: Bitcoin and Ethereum Market Analysis for November 18th - Is Bitcoin's False Breakout Above 90,000 a Signal of a Reversal? Intraday Short-Term Suggestions Included

The short-term strategy mentioned above for Bitcoin has resulted in a move of over $2000. Looking at the daily chart, the price continues its downward trend with consecutive bearish candles, breaking below the lower Bollinger Band before rebounding. The Bollinger Bands maintain their downward channel, short-term moving averages are in a bearish alignment and extending downwards, the MACD fast and slow lines continue to decline with increasing green histogram bars, the KDJ is crossing downwards but shows a slight turning point, the VR indicator is consolidating around 50, and the RSI indicator has entered oversold territory. On the four-hour chart, after a period of consolidation, the price has fallen below the 90,000 level and is currently trading below the lower Bollinger Band. The Bollinger Bands are widening again, short-term moving averages are trending downwards, the MACD fast and slow lines have crossed downwards again with increasing volume, the KDJ shows signs of turning upwards, and the VR indicator is consolidating around 40. Overall, this drop from around 107,000 to around 89,000, a decline of approximately $18,000, lacked any significant rebounds. Although the overall structure is bearish, technical indicators suggest that a short-term bearish outlook is not warranted, as the indicators may require correction. The short-term support level is around the previous low, followed by the area above 88,000. Resistance is around 93,000. Bitcoin short-term: Long at 89,600 (or 88,500), Short at 92,500. Ethereum has recovered after a false break below 3,000. Technically, it's slightly stronger than Bitcoin on the daily and 4-hour charts. The key short-term level is around 3,200. If the rebound fails to hold, it will likely continue to fluctuate downwards. Although it has recovered above 3,000, there is still a risk of a new low tonight. Therefore, short-term support is around the previous low, followed by the area above 2,800. Short-term resistance is around 3,100. Ethereum short-term: Long at 2,980 (or 2,878), Short at 3,088 (or 3,155) (For more cryptocurrency analysis, click the image to see the homepage introduction) — I am Zhou Yueying