Market analysis on November 18 (Monday):

After Bitcoin climbed to a peak of around 91,800 on November 16, it has been fluctuating at a high level with a retracement until early this morning. This situation belongs to the adjustment stage after the price rises.

From the four-hour trend chart, Bitcoin showed a trend of repeated highs and then falls yesterday. However, when it hit a high in the late trading, the price was still able to return to the established range and continue to fluctuate.

At present, the suppression effect of the upper track position is still relatively obvious, so today we need to focus on the pressure point of 92,000. If we cannot break through this point strongly, then there is reason to try short-term shorting at a high level.

In the short term, the lower support level is roughly around 88,000. If we can hold the low support during the decline, we can continue to consider going long at a low level. In view of the current market with a large fluctuation base, the setting of the target point needs to be flexibly adjusted in combination with the specific price pattern.

The short-term operation ideas in the morning should be treated as a volatile market, and the strategy of selling high and buying low should be adopted around the established range to continue to participate in the transaction to avoid losses caused by repeated price tug-of-war.

If the upper side can break through the high position strongly, then the price pattern at that time can be combined with the current price pattern to flexibly follow up the operation in the evening.

Bitcoin: short in the 90800-91300 range, and the target point is around 88000.

Ethereum: short in the 3130-3150 range, and the target point is around 3000. If you want to dig deep in the currency circle, but can't find a clue, and want to quickly understand the information gap, whether it is a contract or spot, you can 👉 Learn more in my profile #交易所BTC储备量创2018年以来新低 #新币挖矿你参加了吗？