🔔Analysis of BTC market trends on November 18:

BTC intraday resistance range 94700-95800
BTC intraday support range 91150-90050

The daily chart of BTC shows that the recent price is fluctuating at a high level, with a long lower shadow appearing on the 18th, indicating strong buying support at the lows. The hourly chart has formed a short-term rebound, but overall it is still in a downward trend, with highs gradually decreasing and lows also rising, presenting a converging triangle pattern. The MACD histogram on the hourly chart has turned from red to green, with the fast and slow lines approaching the zero axis, indicating weakening momentum. The daily MACD continues to show a bearish arrangement, with the market leaning weakly. The RSI on the hourly chart hovers around the value of 50, with no obvious overbought or oversold signals. The daily RSI has risen from the oversold zone to around 42, reflecting the bulls' attempt to repair the confluence of the XEMA hourly 7-period moving average and the 30-period moving average, while the 120-period moving average shows significant resistance. The daily EMA shows a bearish arrangement, with the price under pressure from the EMA30. The hourly trading volume has shrunk, reflecting a strong wait-and-see sentiment in the market. After the daily trading volume increased, it gradually decreased, indicating limited capital inflow after the sharp decline, with both bulls and bears temporarily holding their positions.

Suggested operation:
Sell BTC near 94700-95800, target 93950-93100
Buy BTC around 91150-90050, target 91800-92700

(Personal opinions are for reference only and do not constitute investment advice!) #BTC $BTC