#美股2026展望 November 20th morning: BTC and ETH are again in a range-bound battle.

In the night session up to now, Bitcoin has been stuck tightly at the position of 90,800. The bears are clearly stronger, pushing the price down all the way, and at its worst, it directly plummeted to 88,500, barely holding on. Although there was a rebound later, it only touched the upper edge of 90,800, and is now hovering around 90,400, with neither side giving way.

The situation with Ethereum isn't any better. It fluctuated all the way down from 3010, finding support only after a deep drop to around 2870. After that, it climbed back to 3000 slightly thanks to a slight improvement in market sentiment, but this rebound seems to lack any solid foundation.

From a technical perspective, it's clearer: the four-hour chart has six consecutive bearish candles, and the bulls have basically been knocked down. Although there are signs of a bottoming out now, the upward push is obviously insufficient. This rebound looks more like a technical correction rather than a trend reversal. The bears still hold the initiative.

The hourly level is even more straightforward - the continuous decline has faced almost no resistance, and the lower Bollinger Band has been breached. The short-term trend is still bearish, and each rebound may create an entry opportunity for bears.

Trading strategy suggestion: Focus on shorting at highs.

BTC operation: Look for opportunities to open short positions in the range of 91800 to 92300, with the initial target at the 89500 level.

ETH operation: Consider entering a short position in the 3030-3050 range, with a target around 2900.

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