#美股2026展望 Market Technical Review on November 18: When will BTC and ETH bottom out?

Market Trend Review
The recent market has been under continuous pressure. BTC has fallen nearly $10,000 from its high of $107,500, with news of selling pressure constantly brewing and pessimistic sentiment spreading. Once a downward trend is established, bearish voices will arise one after another—this is human nature. Since the highest point of this cycle at $126,000, BTC has retraced about $30,000; ETH has also corrected nearly $2,000 from its peak. Altcoins have performed even worse, with many experiencing a halving.
Last week I emphasized during the livestream: cutting losses at this position is meaningless, it's better to passively hold as a "diamond hand". Now the 92-96 range has been lost, and the key is whether it can stabilize at 88. If this defense line is also broken, the market may enter a deeper adjustment.
Today's market analysis
BTC has fallen below 92, approaching the 88 level. ETH has shown relative resilience, with the support range mentioned last week at 2600-2800. Although it briefly fell below 3000 (with a low of around 2900+), the decline is smaller than that of BTC. However, looking at ETH alone is not very meaningful now; the key is to observe whether BTC can stop its decline.
Key focus for the next two days:
• BTC support level: around 88 USD, if it fails to hold, the situation is severe.
• BTC resistance range: 92-94
• ETH support level: 2600-2800
• ETH resistance zone: 3100-3160
ETH is holding up for now, but the overall situation depends on whether BTC can stabilize.
$BTC $ETH $BNB