Analysis of BTC/ETH Market on the Afternoon of November 20
The recent two-day trend shows characteristics of "slow rise during the day and sharp drop at night," maintaining a firm bearish outlook, with the core strategy being to short on rebounds. The daytime price fluctuates slowly upwards, accurately hitting the predicted key resistance, reaching a peak near the 92760 mark. The structure continues the pattern of daytime upward movement and nighttime decline, with the daily level dominated by bears, continuing the bearish trend with consecutive bearish candlesticks, and the bearish bodies are substantial, indicating strong bearish momentum; after a long lower shadow bearish candlestick, it still continues to decline, solidifying the bearish pattern, with bulls showing no counterattack strength. The 4-hour trend is clear, with bearish candlesticks being dominant, descending in a stepwise manner, the rebound amplitude is weak, failing to shake the downward trend, and the strong bearish pattern persists.
Operation suggestion: BTC is ranging around 93000-92600, target 91300-90500-90000
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Analysis of BTC/ETH Market on the Afternoon of November 20
The recent two-day trend shows characteristics of "slow rise during the day and sharp drop at night," maintaining a firm bearish outlook, with the core strategy being to short on rebounds. The daytime price fluctuates slowly upwards, accurately hitting the predicted key resistance, reaching a peak near the 92760 mark. The structure continues the pattern of daytime upward movement and nighttime decline, with the daily level dominated by bears, continuing the bearish trend with consecutive bearish candlesticks, and the bearish bodies are substantial, indicating strong bearish momentum; after a long lower shadow bearish candlestick, it still continues to decline, solidifying the bearish pattern, with bulls showing no counterattack strength. The 4-hour trend is clear, with bearish candlesticks being dominant, descending in a stepwise manner, the rebound amplitude is weak, failing to shake the downward trend, and the strong bearish pattern persists.
Operation suggestion: BTC is ranging around 93000-92600, target 91300-90500-90000
ETH is consolidating around 3050-3090, with targets at 3010-2970-2940.
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