11.20 morning BTC ETH💝

Time flies, and the weekly trading is coming to an end. Zhao Zhao wishes all coin friends smooth operations today, and may your accounts reach new highs!

The market has recently fully entered a downward trend dominated by the K-line: last night, BTC briefly rebounded after probing the key support level of 86000, but faced strong resistance in the 88200 pressure area and fell back, currently oscillating narrowly around the 87700 line, clearly showing a weak market structure.

From a technical perspective, the short-term market has formed an absolute suppression zone— the rebound after the bottom is not only weak in strength but also lacks continuity, and market sentiment is enveloped in a strong atmosphere of suppression. Whether on the weekly, daily, or other larger time frames, or on the 4-hour and hourly charts in shorter time frames, a standard bearish arrangement is evident, with clear trend signals; at this time, the risk of counter-trend bottom fishing is extremely high, akin to taking chestnuts from the fire. Zhao Zhao has also been closely following the market rebound and suppression, repeatedly emphasizing not to easily bottom fish!

Operating suggestion: around 87800-88500, target around 86000-85000
ETH around 2880-2920, target around 2750-2800