Bitcoin and Ethereum trend analysis and trading strategy for November 19th!

From a daily chart perspective, Bitcoin continued its downward trend, falling to a low of around 89,000 before rebounding to test the 93,500-94,000 level, where it closed with a bullish candlestick with a wick. Since it has broken below 94,000, this level will remain a short-term resistance. Support is currently seen at the low of the previous close around 92,000, with a further support level at 89,000 if it breaks below that. Ethereum is showing slightly stronger performance than Bitcoin. It tested the 3,000 level twice but failed to break through, rebounding to test the 3170 resistance level before falling back. This level can also be considered a short-term resistance. Support is currently seen at 3,000, with a further support level at 3,950 if it breaks below that. On the 4-hour chart, Bitcoin's current movement, as mentioned earlier, is essentially a consolidation phase followed by a break below, continuing the downtrend. The current consolidation range is expected to be 90,000-92,000-94,000. Ethereum, however, is showing stronger performance than Bitcoin, with its current consolidation range expected to be 3,200-3,980. Yesterday's analysis indicated the market was in a consolidation phase within a downward trend, therefore, short positions were established at higher levels. Although a rebound followed, it remained within a range, successfully triggering the expected decline. The continuously established short positions yielded substantial profits. Today, short positions are maintained. In the unlikely event of a strong rebound, watch 94000-96000 for Bitcoin and 3170-3230 for Ethereum! Trading Strategy: Bitcoin: Short at 92000-92500, target 91000-90000, stop loss above 94500; Ethereum: Short at 3090-3120, target 3000-2950, stop loss above 3180. These strategies are time-sensitive; please refer to the homepage for specific details and private real-time guidance.