November 19 Market Analysis

Hello everyone, I am your blockchain brother Yi.

This is an explanation of the market analysis.

Bitcoin (BTC) has been consolidating at a high position for a while now.

The upper resistance level from the previous weekly line is around 92,000.

Currently, it's also difficult to effectively break this level

and establish a new bullish trend, so for now,

we will mainly focus on short positions at high levels. The important support below is

around 87,400, while the upper 4-hour ascending channel

has strong resistance at around 93,000. From the market, we can see

an obvious weakening situation. If we need to continue to reach new highs,

there will definitely be a small pullback first to effectively

break through in a new round.

Ethereum (ETH) is still oscillating around 3,050 to 3,220,

with support below at 3,046. The longer it stays horizontal,

the greater the probability of a decline.

As we said yesterday, ETH has not established a solid position

above 3,300 on the 1-hour level, so we continue to see a

downward pattern. Pay close attention to the area around 2,829 below.

Operational Strategy: BTC 91,830 market short, target to be sent in group chat.

ETH 3,127 market short, target to be sent in group chat.