11.14 Market Analysis: Bitcoin Enters Extreme Fear Period Awaiting a Wave of Accelerated Decline

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丁君羡
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4 hours ago

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BTC: The Bitcoin daily chart has seen four consecutive bearish candles, and it has now fallen below the psychological level of 100,000. The daily uptrend line has also been broken. The short-term trend is very weak, and there is no sign of a strengthening trend this evening. It is highly likely that there will be a rapid decline after the U.S. stock market opens, with support at 93,500-94,000 and resistance at around 99,000.

ETH: The strong support at 3,180 has been broken, and there is still a risk of further decline. The key support area below is at 2,950-3,000, which must not be effectively broken. If it is lost, this round of rebound will be declared over.

For more explanations, please patiently watch the video. If you have any questions, you can follow the public account: Ding Junxian.

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