Hello everyone, today is November 19, 2025, and it's mid-month again. Yesterday, we were bearish on Bitcoin, starting from the position of 917, with a target set at 92500 and a take-profit range of 91000 to 90000, and everyone made a good profit. Ethereum was also bearish, with targets of 3000, 3030, and 2950, yielding a profit of 100 points as well. We have been maintaining this state recently, and I believe we can help everyone through a fruitful year. Everyone should operate seriously, follow the analysis, understand, and build their own trading system; doing so will definitely be fine.

Let's take a look at today's market. On the daily chart, let's pull up our indicators, and we can see the Alligator indicator. Currently, Bitcoin's Alligator daily line is still showing three mouths pointing down, and the bearish trend has not ended. Ethereum is the same; it is still far from a rebound, and there will be no significant rebound in the short term. Therefore, the overall view remains bearish.

Next, let's look at other indicators. Taking Bitcoin as an example, let's first look at the 4-hour chart. The 4-hour line has risen to the lower support level of 91858, and this position has been reached since early yesterday morning.

This K-line has reached this level but is still constrained by the 4-hour Bollinger Band middle line at 93721, which has not been broken. Yesterday, it peaked at 93786, also failing to break the middle line of the Bollinger Band, and after being suppressed by the middle line, it fell. Compared to the last time it broke the middle line, this time is slightly stronger, but it still hasn't broken through.

Although the MACD shows a bullish trend, it can be considered just a wave of increase caused by everyone bottom-fishing. Various favorable factors from the economy and news have all been released, and there are really no more positives. Currently, over 90,000 for a Bitcoin is still relatively high, which is not conducive to daily applications in the short term. Therefore, the possibility of Bitcoin's value falling back is quite large, and it is expected to test the position of 91858 again.

The operational suggestions are as follows:

• You can set short-term take-profit points in the range of 91800 to 91500, focusing on short positions.

• For long positions, still pay attention to the 90,000 level. We have moved away from the logic of 100,000, and 100,000 cannot be returned to; now the focus is on whether the 90,000 bottom can be held.

• If 90,000 cannot be held, the next step will be to test the position of 89000.

• Based on previous market judgments, it is expected that the position of 89000 will be tested several more times, with the next target being 89000.

If the support level is not broken, we can also make a rebound operation at this position. In the short term, still use the pressure of the Bollinger Band middle line as a basis, paying attention to the support level of 91858 below. If the support level is broken, then look at the position of 89000. If the subsequent market cannot regain the middle line, if you need more detailed and flexible market handling, you can message me privately, as the content of this video is relatively fixed and only represents the current market; the long-term trend is still bearish.

Ethereum (ETH) on the 4-hour level is also constrained by the middle and upper bands. Although there was a slight breakthrough of the middle band, it did not reach the upper band and was subsequently suppressed downwards. I believe the subsequent trend is likely to repeat because the current bearish trend has just formed. Recently, there have been two or three tops, and the W-top pattern has failed to break through the key level, so it is expected to continue to explore new lows. The new low below is focused on the range of 2900 to 2950.

If a W-bottom appears later and rebounds upwards, the stop-loss can be set around 3150. Currently, 3104 is the key support level. We can continue to short, with target levels at 3025 or 3050, which can yield a profit of 20 to 50 points, which is quite considerable. Overall, the current market is still mainly bearish.

From the two-hour chart, the downtrend channel is already quite obvious, and the trend still leans towards new lows. The upward space is limited, mainly because it ended after reaching the upper peak of the rising channel, and there has been no significant further rise. Currently, the characteristics of a bear market are still obvious, and Ethereum is in a similar situation.

I suggest everyone try to short directly. Just now, Bitcoin was at 93105, and it has now dropped by 10 points. The overall market analysis is as above. If anyone is stuck in long positions, you can message me privately, and I will help you get out.

That's all for today's market analysis; see you tomorrow morning.

November 19 Layout Sharing:

Bitcoin: Enter short positions at 92200-92500, take profit at 91500-91000-90500-90000

Ethereum: Enter short positions at 3090-3120, take profit at 3050-3000-2050

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