"Market Analysis on November 18: The Decline Must Continue, Where Could the Bottom Be?"

In yesterday's analysis, we mentioned that the large coin starting with 8 had a great chance, and surprisingly, we saw it within less than a day. SOL has also reached the support level of 129 that we talked about and has rebounded. As for the upcoming market, where exactly we can see it, and where are the opportunities for left-side positioning. It should be stated that any left-side positioning here is at potential rebound points, but no one can accurately predict how much it will rebound. So it can be taken as a reference, and if you disagree, feel free to share your insights.

$BTC First is Bitcoin, as it continues to decline this morning, if the 4-hour short-term pressure of 93100 cannot be breached, it will be difficult for the smaller timeframe to reverse. It will continue to move downward, and the target for this drop can initially be set at the range of 87300-85500. This is a key confluence point, and there is a high probability of a rebound, but whether it's more or less depends entirely on the mood of the market makers.

$SOL The position of Zuozi 129 was mentioned at the beginning of November. Currently, there is a slight rebound, but the height of the rebound depends on whether it can break through the resistance at 137. The resistance at 137 is a turning point; if it continues to go down afterwards, the daily support range is between 113-109. If you buy spot in this range, you definitely won't be trapped for long. A rebound is also likely, but it's just a matter of how much. I still repeat that viewpoint: if your spot is trapped and you don’t want to exit, refer to my daily support to average your cost, using time cost to recover your investment.

$ETH The pressure here at 3067 for Ethereum today is also quite important, as it relates to whether the lower levels can strengthen. If it goes down, the daily level support is at 2848-2822, which has been mentioned many times. If it goes deeper, the next level is at 2750.

In summary, the weekly trend analyzed yesterday indicates that the decline should continue. However, the continuous drop on the daily chart may see a rebound after reaching the key support level on the daily chart. Whether the decline can be halted needs to be further assessed in conjunction with indicators. It is not to say that once it reaches a few daily support levels, it will start to reverse and go bullish. A few key levels are likely to provide support, but I cannot guarantee how many will or will not. Therefore, the future market needs to be observed and interpreted as it develops. (Follow the department head for daily updates on market analysis and precise entry points. Long and short positions are for reference by B friends only, with strict stop-loss and take-profit strategies. The department head's exclusive commission discount code is KEZHANG888.)