Xiang Li: November 14th Morning btc/ETH Operations and Analysis

In the early morning, the market showed a one-sided downward trend. The price of Bitcoin dropped sharply from the morning high of 104024 to 97959, currently oscillating around 98300; the altcoin followed suit, retreating stepwise from 3565 to 3152, now hovering around 3160. Based on a highly accurate grasp of market rhythm and entry timing, both orders we placed during the early morning have achieved success, with Bitcoin capturing over 1181 points of space and the altcoin successfully seizing over 147 points of space, once again demonstrating effective control over the trending market.
From a technical structure perspective, all indicators at the daily level point to a decline, confirming that the bearish trend remains the dominant force in the current market. In the 4-hour level, the candlestick chart has consecutively produced four large bearish candlesticks and is stably operating below the EMA7 moving average; after forming a high position dead cross above the zero line, the MACD indicator has synchronized and crossed down to below the zero line, with the green momentum bars continuing to increase, further strengthening the bearish momentum at this level. It is worth noting that at the 1-hour level, the KDJ and RSI indicators have all entered the oversold area below 20, showing signs of synchronously turning upwards.
In summary, after the continuous decline, there is a possibility of a technical repair and rebound in the short term for the persimmon market. In the morning, it is necessary to pay close attention to the strength and sustainability of the small-level rebound. The key support range is 97500-98000/3140-3170. If the persimmon can stabilize within this range and build a bottom structure, a rebound is expected in the morning; conversely, if it effectively breaks below this support range, further downward exploration for the persimmon will become a high-probability event.
BTC: 98200-98700 See 100000
Two cakes: 3150-3180, watch for 3250

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