Zhou Yanling: Why Did Bitcoin Plummet on November 14? Latest BTC ETH Trend Predictions and Trading Strategies Today
After 43 days of shutdown, U.S. authorities finally reopened, leading to a wave of intense "turmoil" in the market. U.S. stocks recorded their largest single-day drop in a month, and Bitcoin directly refreshed its last low, falling below the $98,000 mark. This significant drop was mainly due to several Federal Reserve officials releasing hawkish signals last night, creating a bearish sentiment. With the reopening, some crucial data will also be released in succession. From recent weak economic data, market concerns about the future economy persist. The attitudes of Federal Reserve officials have again diminished expectations for continued interest rate cuts in December, resulting in a collective significant retreat in cryptocurrency prices, the U.S. dollar index, U.S. Treasury bonds, and U.S. stocks—a very typical market performance of buying on expectations and selling on facts.
In the current trend, from a technical perspective, Bitcoin shows a continuous decline on the daily chart, forming a series of bearish candles, indicating a weak pattern. Today, it has continued to fall sharply compared to yesterday, with new lows being set. On the hourly chart, after fluctuating at a high level, the price is gradually declining, with multiple long upper shadows appearing in the short term, indicating heavy selling pressure above. The MACD indicator on the hourly chart is in the bearish zone, with both DIF and DEA diverging downwards, and the momentum bars are green and expanding, showing that bearish forces are dominant. The RSI on the hourly chart is at 27.01, close to the oversold range, but has not entered a trend-based oversold state, suggesting a potential rebound demand. The EMA on the hourly chart shows a bearish arrangement for the 7, 30, and 120 moving averages, with EMA7 declining rapidly, and the price currently close to EMA7, indicating significant short-term pressure. The main strategy remains to focus on shorting during rebounds.
Zhou Yanling's November 14 Bitcoin Trading Strategy:
Short at 99,000-98,000, stop loss above 100,000, target 96,000-95,000, continue to look for a decline towards around 93,000.
Long at 93,000-93,800, stop loss below 92,000, target 95,000-96,000.
Zhou Yanling's November 14 Ethereum Trading Strategy:
Short at 3,350-3,300, stop loss above 3,400, target 3,160-3,100.
Long at 3,060-3,100, stop loss below 3,000, target 3,300-3,360.
【The above analysis and strategies are for reference only. Please bear the risks yourself. The article's review and publication may have delays, and the strategies may not be timely. Specific operations should follow Yanling's real-time strategies.】
The content of this article is exclusively shared by senior analyst Zhou Yanling (WeChat public account: Zhou Yanling). The author has been engaged in financial market investment research for over ten years, currently focusing on analyzing and guiding BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV, and other cryptocurrency contracts/spot operations. With a solid theoretical foundation and practical experience, he excels in combining technical and news-based operations, emphasizing capital management and risk control. His trading style is steady and decisive, recognized by many investors for his easygoing and responsible character combined with sharp and decisive operations.
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