"November 19 Market Analysis: Endless Bottoms to Buy, but U Can Be Completely Lost"

Last night, it was good to remind that there is no V reversal and no bottom. I opened a short position at the highest point of 93700, and this morning, the profit has exceeded 2000 points. On the daily volume, there is still no possibility of a direct reversal here, and I have repeatedly reminded on the 4-hour chart that when the EMA15 hasn't gone up, how can there be a bottom? Therefore, our short position at 93700 is very accurate, basically opening short at the highest point. As long as a few support levels of the long and short dividing line break again today, the 4-hour chart may show an accelerated decline. Long traders, go ahead and bottom out, you can't bottom out indefinitely, but your USDT can be lost completely.

The pivotal point for today's fluctuations of Bitcoin is at 90800. If it falls below this level, it may lead to an accelerated downtrend. The support levels below are at 88300 and 87100. Only a breakthrough at last night's level of 93700 could potentially allow it to reach the resistance at 95200, but the likelihood is currently very low. Today, we will wait and see for the accelerated downtrend.

$BTC The price of the index rose hard from the support line of 129 provided by us to above 1440 yesterday. Today's critical point for bulls and bears is at 137. As long as the price drops below this support level, there will be opportunities for support at 134 and 131. Normally, 131 would be a rebound position in a regular market, but if an accelerated decline occurs, it might not be very effective.

$SOL Ether is the same; the short-term bullish-bearish dividing line is at the support level of 3050. If it goes down, it will basically reach the support levels of 2988 and 2913. Don't be fooled by the strong performance of altcoins when Bitcoin is falling; once the big brother accelerates the market, all altcoins will drop by dozens of points, which would be unworthy of the title of junk coins.

In summary, the long positions estimated from last night’s 4-hour manipulation likely trapped a group of bulls who believe in the V-shaped reversal and the bottom. Today, with our highest short position in hand, we just need to wait for the breakout point of the bulls and bears to be broken, and we can happily collect our U. This position is far from the bottom; the establishment of the bottom can take as quickly as half a month to a month, or as slowly as one to two months. Abandon your fantasies this morning, and you can keep more of your U! (Follow the section chief, who brings you the latest market analysis and precise entry points every day. The long and short positions are for B friends' reference only; strictly adhere to stop-loss and take-profit measures.