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11.18 BTC ETH morning market analysis
Market Review: The bearish sentiment continues, with BTC and ETH hitting recent lows: BTC dropped to the 91250 level, and ETH fell below the 3000 mark to around 2958, highlighting a short-term weak pattern.
From a technical perspective: the four-hour level shows a unilateral downward trend, the MACD fast and slow lines are converging downwards, and a death cross signal is about to appear. The bearish dominance is clear, making it difficult for the bulls to launch an effective rebound; the hourly level has consecutive downs and is probing for a bottom, with support levels continuously breaking down, and the downward space is still being released, overall in a persistent adjustment process. In summary, the strategy for this morning maintains a bearish layout.
Operation Suggestions
BTC: Set up a short position in the 92500-93000 range, targeting the 90500-91000 area.
ETH: Short positions are arranged in the 3040-3060 range, with a target near 2950.