11.18 Tuesday Morning BTC/ETH Analysis
I am Meng An. Currently, the market sentiment is generally pessimistic. The Bitcoin price has once again fallen below a key support level, with bearish forces significantly strengthening. The market is at a critical turning point, and if the important support below is lost, the trend may enter a deep correction, and a substantial decline could occur. Although long-term holders are still accumulating, this stands in stark contrast to the short-term bearish dominance. Meanwhile, the signals released by the Federal Reserve have brought more uncertainty to the market. In this environment, the bulls need to remain vigilant, as the bearish momentum is clearly not to be ignored.
Trading Analysis:
Bitcoin in the range of 92300-92500 for selling, target around 90500
Ether in the range of 3040-3060 for selling, target around 2900
