🔔November 14th Bitcoin Market Trend Analysis:

Resistance range for the pancake within the day 101950-103400
The intraday support range for Bitcoin is 97350-95900.

The daily chart for Bitcoin shows a continuous decline in price recently, forming a series of bearish candlesticks, especially the long upper shadows on the 13th and 12th, indicating heavy selling pressure above. There has been a slight rebound near 99126 on the hourly chart, but overall, it remains in a weak sideways trend, with highs gradually decreasing and lows also constantly moving downwards. The MACD histogram on the hourly chart is negative and expanding, with both DIF and DEA diverging downwards, clearly indicating a bearish trend. The daily MACD also presents bearish signals, making it difficult to reverse in the short term. The RSI on the hourly chart is at 37, close to the oversold zone but not fully entered, suggesting a potential technical rebound demand in the short term. The daily RSI remains in the weak zone, fluctuating between 30-40. The EMA on the hourly chart, EMA7(99365), has been tested multiple times and has been lost. The current price is below EMA7, EMA30, and EMA120, indicating a bearish arrangement in the short, medium, and long term. The daily EMA7(102023) is far above the current price, further confirming the downward pressure. The trading volume on the daily chart significantly increased on the 13th, accompanying a price crash, indicating concentrated capital outflow. The hourly trading volume is gradually shrinking, market sentiment is becoming cautious, and there is a strong atmosphere of wait-and-see.

Suggested operation:
The pancake is near 101950-103400, looking at 99850-98890.
The big pie is around 97350-95900, looking at 98000-98825.

(Personal opinion for reference only, and does not constitute investment advice )
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