November 18 evening

Suggestion
BTC: It is recommended to look at 92000-92800 range, with the target aimed at 90000. If it breaks down, watch for 88000, and the long-term target is 74000.
Er Bing: In the short term, it can be in the range of 3100-3130, with a target of 3000-2960 area. If it breaks down, watch for 2800, and the long-term target is 2400.
The current rebound in Bitcoin shows typical characteristics of an "exhaustion-style correction"—the impulsive rise lacks volume support, showing very poor continuity, and subsequently enters a series of bearish candlesticks. The volume at the peak continues to be released and is showing an accelerated outflow trend, with the weak structure of the market having been completely established, making it difficult to reverse in the short term. The current rebound is merely a technical pullback within the trend, which cannot change the main downward logic, nor has it shaken the dominant position of the peak volume, with the probability of continued downward movement already at an absolute high.