Evening Thoughts on November 18

Usually, the market follows expectations rather than facts. From the market perspective, the overall price of Bitcoin is still on an upward trend. On the daily chart, a long bullish candle appeared on November 15, and although there were a few days of slight pullback afterward, it remains in a high-level consolidation state overall, with the major trend still strongly bullish; the candlestick is oscillating between 88000 and 93000, with certain upper and lower shadows, indicating fierce competition between bulls and bears in the short term. In the 4-hour cycle, the MACD fast and slow lines are hovering near the zero axis, and the histogram has turned from negative to positive, indicating short-term momentum for further rebounds; the current price is above the EMA7 and gradually approaching the EMA30, while the EMA120 is far below the current price, suggesting a strong short-term trend and a continued positive medium to long-term trend. In summary, I firmly believe that the overall trend of cryptocurrency prices this week will mainly focus on buying on dips.

Bitcoin: 90000-90500 buy. Target 91100-91600

Ethereum: 3000-3050 buy. Target 3110-3160

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