Bitcoin and Ethereum Afternoon Trading Suggestions and Directional Analysis: Review of Bitcoin's Early Morning Movement on November 20th. After Bitcoin hit a new low in the early morning, we took profits and exited the market. We had a clear understanding of how much we were holding. Then, we went long on Bitcoin around 2921 in the early morning. It then started to fluctuate upwards, gradually rising from around 2873 to around 3038 before taking profits. The range movement covered more than 110 points. Looking at the current market, on the 1-hour chart, although the price is currently in a supportive upward trend, moving towards the middle Bollinger Band, and the bulls have temporarily organized a counterattack, the Bollinger Bands continue to trend downwards, indicating that the short-term rebound potential is limited. If the rebound is weak, the downtrend will continue. The MACD indicator is below the zero line, and the green momentum bars continue to expand, indicating that the bullish momentum is still being released. However, there is still resistance around 93,000. At this time, it is not recommended to go long. Wait and see if the resistance level is broken. My personal trading suggestion is to focus on entering at higher levels. In the afternoon, Bitcoin can be shorted around 92,600-93,000, and watch for entry around 90,500. Bitcoin can be shorted around 30,600-30,900, and watch for entry around 29,800-29,200.
Bitcoin and Ethereum Afternoon Trading Recommendations and Future Trend Analysis: 11/20
2025-11-20 03:50:54
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