Bitcoin and Ethereum trend analysis and trading strategies for November 20th!

From a daily chart perspective, although Bitcoin continued its downward trend, breaking a new low to around 88,500, it rebounded and closed above 91,500. After testing the resistance level of 93,000, it fell back, showing some signs of a double bottom. Currently, the probability of breaking new lows is not high, and it is expected to consolidate within the 91,000-93,000 range. Ethereum also continued its downtrend, breaking a new low to around 2870, but failed to break through the 3000 level three times. It rebounded to test the resistance level of 3120-3170 before encountering resistance and falling back. This level can also be considered a short-term resistance level. Support is currently around 3000, with a further support level around 2900-2850 if it breaks below. On the 4-hour chart, Bitcoin's overall trend remains as previously mentioned: a consolidation phase followed by a downward move, consolidating before breaking down further and continuing the bearish momentum. The current consolidation range is expected to be 89000-92000-94000. Ethereum's current consolidation range is expected to be 2900-3050-3150. Yesterday's analysis indicated the market was in a consolidation phase within a downward trend, therefore short positions were established at higher levels. The expected decline was successfully realized, and all short positions were profitable. Today, a rebound is anticipated, therefore aggressive long positions are being considered. Trading strategy: Bitcoin: Buy at 91300-91800, target 93000-94000, stop loss below 90000; Ethereum: Buy at 2990-3020, target 3100-3150, stop loss below 2950. These strategies are time-sensitive; please refer to the homepage for specific details and private real-time guidance.