Hello everyone, today is November 19, 2025, and it's mid-month again. Yesterday we were bearish on Bitcoin, starting from the position of 917, targeting 92500, with a take profit range of 91000 to 90000, and everyone made quite a profit. We were also bearish on Ether, with targets of 3000, 3030, and 2950, yielding a gain of 100 points. I've been maintaining this state recently, and I believe I can help everyone get through a bountiful year. Everyone needs to operate diligently, follow the analysis, understand, and build their own trading system; doing so will definitely be fine.

Let's take a look at today's market. On the daily chart, let's pull up our indicators, and we can see the Alligator indicator. Currently, the Alligator daily line for Bitcoin is still three mouths pointing downwards, and the bearish trend has not yet ended. The same goes for Ethereum, which is still far from a rebound, and there will be no significant rebound in the short term. So overall, the main outlook is still bearish.
Next, let's take a look at other indicators. Taking Bitcoin as an example, first look at the 4-hour chart. The 4-hour chart has risen to the lower support level of 91858, and this position has already been stepped on, starting from early yesterday morning.
This K-line has stepped up, but is still constrained by the 4-hour Bollinger Band middle line at 93721, with no breakthrough. Yesterday, it peaked at 93786, and similarly did not break through the Bollinger Band middle line, experiencing a drop after being suppressed by the middle line. Compared to the last breakthrough of the middle line, this one is slightly stronger, but still has not broken through.
Although the MACD shows a bullish trend, it can be considered just a wave of rise caused by everyone bottom fishing. All favorable factors such as economic conditions and news have been fully released, and there are really no more positives now. Currently, over 90,000 for a single Bitcoin is still relatively high, which is also not conducive to daily applications in the short term. Therefore, the possibility of Bitcoin's value retreating is quite large, and it is expected to test the 91858 position again.
The operating suggestions are as follows:
You can set short-term take profit points in the range of 91800~91500, primarily focusing on short positions.
Long-term attention remains on the 90,000 position. We have departed from the logic of 100,000, and we cannot return to 100,000 now. The focus is on whether the 90,000 bottom can hold.
If 90,000 cannot be held, the next step will be to test the 89,000 position.
Based on the previous market analysis, it is expected that the 89000 level will be tested a few more times, with the next target being 89000.
If it doesn't break the support level, we can also perform a rebound operation at this position. In the short term, we still rely on the pressure of the middle track of the Bollinger Bands, paying attention to the support level at 91858 below. If the support level is broken, then look at the position of 89000. If the subsequent market cannot retake the middle track, if you need more detailed and flexible market handling, you can message me privately, because the content of this video is relatively fixed and only represents the current market situation. The long-term trend is still bearish at the moment.
Ethereum (ETH) on the 4-hour level is similarly constrained by the middle and upper bands. Although there was a slight breakthrough of the middle band, it failed to reach the upper band and was subsequently suppressed. I believe the subsequent trend is likely to repeat, as the current bearish trend has just formed. Recently, there have been two or three tops, and the W-top pattern has failed to break through the key level, so further declines to new lows are expected. Attention will be on the new lows in the range of 2900 to 2950.
If a W bottom appears later and rebounds upwards, the stop-loss can be set around 3150. Currently, 3104 is a key support level. We can continue to short, with target levels at 3025 or 3050, making a profit of 20 to 50 points quite considerable. Overall, the current market is still primarily bearish.
From the two-hour chart, the downtrend channel has become quite obvious, and the trend still leans towards new lows. The upward space is limited, mainly because it ended after reaching the upper peak of the ascending channel, with no significant further increase afterwards. Currently, the bear market characteristics are still evident, and Ethereum is in a similar situation.
I suggest everyone try to short directly. Just now Bitcoin was 93105, and it has now dropped by 10 points. Overall market analysis is as above. If anyone is stuck in a long position, you can message me privately, and I will help you get out.
Today's market analysis ends here, see you tomorrow morning.
Layout sharing from November 11 to 19:
Bitcoin: Enter short position at 92200-92500, take profit at 91500-91000-90500-90000
Ethereum: Enter short positions at 3090-3120, take profit at 3050-3000-2050#比特币行情观察