Bitcoin and Ethereum trend analysis and trading strategies for November 18th!

From a daily chart perspective, Bitcoin continued its downward trend after two days of consolidation, falling to a low of around 89,000. The price action has broken below the 94,000 support level, which can now be considered a short-term resistance level. Support is currently seen around 89,000. Ethereum also broke to a new low near 2950, breaking below the 3100 support level. This level can also be considered a short-term resistance level, with support currently seen around 3950. On the 4-hour chart, Bitcoin has essentially been consolidating after a decline, followed by another period of decline and consolidation to build momentum for the downtrend. The current consolidation range is estimated at 90,000-92,000-94,000. Ethereum's movement has been slightly stronger than Bitcoin's, with its current consolidation range estimated at 3100-2950. The expected continuation of the downtrend for Bitcoin yesterday was significantly higher for Ethereum. Yesterday's analysis indicated that although the market had formed a small V-shaped reversal, it was still considered a failed upward breakout. Therefore, short positions were established at higher levels, and the expected decline subsequently materialized, resulting in substantial profits. Short positions are maintained today. In the unlikely event of a strong rebound, the previously mentioned consolidation range can be used for trading. Trading strategy: Bitcoin: Short at 92000-92500, target 91000-90000, stop loss above 94500; Ethereum: Short at 3070-3100, target 3000-2950, stop loss above 3170. These strategies are time-sensitive; please refer to the homepage for specific details and private real-time guidance.