11.18 Bitcoin and Ethereum Trend Analysis and Trading Ideas!

CN
3 hours ago

On the daily level, Bitcoin has continued its downward trend after a two-day adjustment, dropping to around 89,000, with the entity breaking below the 94,000 support. This level can be viewed as a short-term resistance, while the support is temporarily referenced at the low of 89,000! Ethereum has also set a new low around 2,950, with the entity breaking below the 3,100 support, which can also be seen as a short-term resistance, while the support is temporarily referenced at the low of 3,950!

On the 4-hour level, Bitcoin has basically continued its downward trend after a period of consolidation, followed by further declines and consolidation to maintain the bearish momentum. The current consolidation range is referenced at 90,000-92,000-94,000. Ethereum's rhythm is actually a bit stronger than Bitcoin's; the current consolidation range is referenced at 3,100-2,950. The expected downward continuation point for Bitcoin far exceeds that of Ethereum!

In yesterday's analysis, although the current market has shown a small V reversal, it is still viewed as not having broken above. Therefore, we continue to position high short orders, which have successfully led to the expected decline. Continuous positioning has also yielded significant returns. Today, we will continue with short orders. If a strong rebound occurs, you can refer to the previously mentioned consolidation range for action!

Operational Strategy:

Short Bitcoin at 92,000-92,500, targeting 91,000-90,000, with a stop loss above 94,500;

Short Ethereum at 3,070-3,100, targeting 3,000-2,950, with a stop loss above 3,170;

The strategy is time-sensitive; please refer to private real-time guidance for specifics!

Professional team gold medal analyst Ruo Yu focuses on contract trading guidance. Follow the WeChat public account "Coin Circle Ruo Yu" to understand real-time market analysis and operational strategies!

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