Morning Analysis on November 20

From the current market analysis, after six consecutive bearish candles, there has been a slight rebound on the four-hour chart, but the rebound strength is clearly insufficient. The price has not effectively broken through the middle band of the Bollinger Bands, indicating that there is still strong resistance above, and the overall trend remains bearish.

The one-hour chart shows an alternating bullish and bearish oscillation structure. Although the price briefly stood above the middle band of the Bollinger Bands, it is still operating within the bearish zone. The current rebound is merely a technical correction during the downward process and does not constitute a trend reversal signal.

There is no need to rush into the market. Wait for the price to fall back to key support levels for confirmation before entering. The strategy is to follow the trend and look for a pullback; buy on the rebound and sell on the rise.

Trading Suggestions

Bitcoin: 93000-94000, target 90000-92000

Ethereum: 3100-3200, target 2800-3000

(Personal opinions are for reference only; everything is subject to actual market conditions!)

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