Morning analysis on 11.20

From the four-hour level, the market has experienced six consecutive bearish days. Although it has barely stopped falling and welcomed a rebound, the momentum of the rebound is not strong. The bulls can only barely support the price from further decline, but are powerless to organize an effective counterattack. The market is still dominated by the bearish trend. Looking at the one-hour level, it shows a five consecutive bearish days trend, with no power to resist, strongly breaking through the lower support of the Bollinger Bands. The downward trend is very clear, and the dominance of the bearish trend in the short term has become a foregone conclusion. Therefore, our morning strategy focuses on a rebound in the bearish trend.

Operation suggestions

Short near 93000～94000, target around 90000.

Auntie is around 3030 to 3050, targeting about 2900.