#山寨币行情复苏 2025.11.19 "$BTC Market Observation"

Let's first talk about yesterday's verification situation. It was previously judged that an oversold condition would lead to a rebound, making it unsuitable to blindly short. The rebound target range given was 94000-94600, and the actual highest reached was 93800, which is basically in line with expectations. At the same time, I emphasized a point: the rebound is just an interlude, and the decline is the current main line. Today, the price has fallen again, hitting around 90000.

Although there are signs of a rebound now, can it hold steady? Will it continue to hit new lows? This is the question that needs to be clarified at present.

The key is whether the position of 90400 can be held. If the price effectively falls below 90400, it is very likely that the trend will continue to seek a bottom. Conversely, if it starts to rise instead of falling from now on, directly pushing up to 93000, or even if it doesn't break through 93000 but stabilizes around this area, the possibility of a sustained rebound becomes quite high. In this case, it may be worth considering going long at a low position.

But the current situation is unclear. Both bulls and bears have opportunities; it just depends on who takes action first.

If the price chooses to continue rising, how high can it go? The most conservative estimate is that it can reach the 94500 level. If it breaks through and stabilizes at 94500, the next target will be 97000. Can it go higher? It's completely unclear at the moment. Can we short at these two positions? You can try lightly; even if you can't catch a big drop, a small pullback shouldn't be a big issue. Weigh the risks for yourself.

In order for the market to truly gain momentum and experience a decent rebound, it must at least stabilize above 97000. If it can't hold, a false breakout will lead to continued declines.

As for the price, if we choose to continue downward, this logic was already discussed yesterday, so I won't repeat it here.

Overall, if it develops into a fluctuating pattern, both high short and low long positions can be flexibly operated.

BTC2.14%

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ImaginaryWhale

· 11-22 08:15

If 90400 doesn't hold, we'll have to continue looking for a bottom. This rebound really does feel like a false play.

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All-InQueen

· 11-20 16:38

90400 is really a line between life and death. If it breaks, it will continue to fall into hell; hold above to have a way out.

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CryptoTherapist

· 11-20 16:15

ngl this 90400 level is giving me major anxiety vibes... like are we witnessing collective market trauma or just another fake breakout? 👀

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CountdownToBroke

· 11-19 09:21

90400 is really a line of life and death. If it can't break through, then just keep pushing down. This wave is indeed hard to see clearly.

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StableGeniusDegen

· 11-19 09:21

The 90400 level is really critical; once broken, we need to continue digging, and only by holding our ground can we have a chance. Right now it’s a gamble on who plays their cards first.

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LightningHarvester

· 11-19 09:21

90400 really is a hurdle, if it breaks, we have to continue digging, hold above to have a chance.

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DegenDreamer

· 11-19 09:18

Is this line at 90400 really that critical? It feels like every time they say it's a key level, it ends up being broken.

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alpha_leaker

· 11-19 09:15

90400 is really a watershed. If it breaks, we'll continue to explore the bottom; if it holds, there will be a chance for a Rebound. This game cannot be dismantled.

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OnchainSniper