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November 20 Market Review and Trading Ideas #美股2026展望
Looking back at yesterday's judgment, sticking to the bearish outlook really paid off. The price plummeted to a low of 88564 in the early hours, not only accurately hitting the predicted level of 89000, but also falling an additional 436 points. This operation can be described as a textbook-level validation.
The price is now beginning to rebound and is approaching the middle band of the Bollinger Bands, with the bulls temporarily regaining some initiative. However, if you take a close look at the overall trend of the Bollinger Bands, it is still in a state of opening downward, indicating that the ceiling of this rebound will not be too high. If the rebound strength does not increase in the coming period, the bearish trend will likely continue to prevail. Therefore, this position is not very suitable for aggressive long positions; it is best to wait until the resistance level is truly broken before considering.
Today's core strategy is still to short on rallies.
It is recommended to lay out short positions in the range of 92000 to 92500.
The target is to see around 90000-89000. $BTC $ETH