Analysis for November 18:

Today's market focus is primarily on whether this rebound will be a false breakout. From a technical perspective, the key point is whether there will be a pullback and a solid drop below the key level of 905. In this context, we can note that the short-term resistance level is between 928 and 930, and there are currently no mid-term resistance levels. For the short-term support level, special attention should be paid to the position of 90500. As long as this point is not breached, the market may continue to push towards higher highs. A further wave support level is around 850.

For the short-seller liquidation points, we can see several important price levels: 92469, 93141, 93813, 94485, and the range of 956 to 958. This indicates that when the market moves unfavorably for short-sellers, these will be the liquidation levels they need to pay attention to. At the same time, for the long liquidation points, including price levels such as 91509, 90837, 90165, 89493, and 88821, once the market trend turns, these will be the stop-loss points that long positions need to consider. If the market price falls below 868, this will be the final liquidation range for long positions.

Additionally, from the perspective of intraday short-term trading, short-sellers should focus on the point of 92800. Once liquidated, they should consider an exit strategy; while long positions should focus on the point of 91030, if this point is liquidated, they may need to reassess their investment strategy.

According to the main data, on the BTC chain, some long positions near 915 have chosen to exit, although they still hold some positions. After passing 918, the interactions between bulls and bears have not yet provided a clear directional indication. However, based on the current market situation, the strength of BTC's exchange rate is expected to be stronger than that of ETH. For the ETH chain, some lightweight long positions at the previously indicated price level of 3050-3060 have partially exited as it approached 3148, and currently, there has been no new action. On the SOL chain, the price level of 244 seems to be a critical area for long positions to exit, but currently, there have been no suitable short opportunities captured.

In terms of the long-to-short ratio, currently, the long side has a slight advantage in the market, with a ratio of long 0.51 to short 0.49. However, please note that the above content only represents personal opinions and does not constitute any investment advice. Investors should fully consider their own risk tolerance and market conditions when making decisions.