The daily chart's primary trend line has been broken, and the secondary trend line is also in jeopardy. However, the 90,000 psychological level stands in the middle, which is also the lower position of the weekly channel. Therefore, the most crucial price point right now is 90,000, which is where the price has tested three times without breaking through. The saying "one weakens, three weakens" applies to bears as well. Patiently wait for a reversal pattern at 90,000 to enter a right-side position. Once it appears, it could be a medium-term holding opportunity, and 5,000 points would be easily attainable. Looking at the 4-hour chart, Bitcoin has experienced six consecutive bearish candles. Although it has rebounded, the momentum is weak. Bulls can only barely defend the price and are unable to launch an effective counterattack. The market is still dominated by bears. The 1-hour chart shows five consecutive bearish candles, breaking through the lower Bollinger Band without any resistance. The downward trend is clear, and a short-term topping pattern is already established. Today's trading requires caution. Will the daily chart close with a bearish candle or a weak close? Two major data releases are due today, the first big data release since the US shutdown. Don't underestimate them; the crypto market is likely to experience turmoil. The real concern isn't the data itself, but the cautious market prices before it arrives. Morning trading suggestions for November 20th: Bitcoin: Sell short around 91900-92300, target price: 90000-89000. Ethereum: Sell short around 3040-3060, target price: 2930-2830. Market conditions change rapidly; this article is for informational purposes only. Free real-time strategy guidance is available!
Bitcoin and Ethereum trend analysis and trading strategy sharing for the morning of November 20th: (Note: Two 5-star data points today)
2025-11-20 01:07:04
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