Bitcoin and Ethereum market analysis and trading strategy on the morning of November 18

BTC has recently shown a downward trend, gradually retreating from yesterday's high of 96043 to the current 93627. The daily K-line has continuously closed with negative values, and the volatility is large, indicating a bearish advantage. The MACD's hourly level DIF and DEA are both negative, and the MACD histogram continues to expand downward, showing that it remains in a weak state in the short term. The 7-hour EMA of 94462 and the 30-hour EMA of 94995 are both above the current price, forming resistance levels; the 120-hour EMA of 97181 is far from the current price, indicating a long-term bearish trend.

The ETH trend is synchronized with BTC, with the price gradually declining from the high point of 3223 on November 16 to around 3097 currently. There are multiple long upper shadows and bearish candles, indicating heavy selling pressure above and weakened bullish strength. After the MACD's DIF and DEA formed a death cross, they have continued to diverge downwards, currently positioned below the zero axis, with bearish momentum increasing; however, the green bars are shortening, showing signs of stabilization. The price has fallen below EMA73141 and EMA303155, and is far from EMA120: 3228, remaining in an overall bearish trend. The EMA7 and EMA30 moving averages are both turning downwards, indicating clear short-term pressure.

Bitcoin: 94000-95000 short, target: 93000-91500
Ethereum: 3110-3150 short, target: 3050-3000#比特币行情观察 $BTC $ETH