$BTC November 20 midday Bitcoin Ethereum market analysis and trading strategy

Bitcoin fell back at midnight, touching a low of 88581 before stabilizing and starting to rebound. The current price is oscillating around 91400. The 4-hour chart showed a double top near 93000 yesterday, and combined with the weekly candlestick's cross pattern indicating a high followed by a drop, this week has seen a close below the midline. Currently, the 4-hour chart has formed a wave-like downward structure, and breaking below the lower line is part of an acceleration structure, which will further release space during the day, with the next target approaching around 85000. For midday short-term trading, simply participate in high positions as long as yesterday's opening drop point is maintained.

　　
Ethereum also saw a surge in short positions at midnight, with the price declining and returning to the vicinity of three thousand one, fluctuating in that range. The 4-hour chart shows a peak followed by a retracement, with two bearish candles indicating a high accumulation before breaking down and closing at a low. The current 4-hour force is experiencing a second wave decline; if the previous high was counted as the first wave, then the high point around 3300 yesterday can be considered as the second wave downward. Further space is expected to be released during the day. A breakout point has turned into resistance. The hourly chart shows the Bollinger Bands opening with a lower track, and the middle track forming downward pressure, with resistance at the middle track around 3150, which was also the low point of yesterday's consolidation. During midday, look for short opportunities around below the middle track.

　　

Bitcoin: Sell at 92300-94000, target around 91000

Ethereum: Short at 3030-3200, target around 2980
　　
$ETH