Crypto Circle Academician: On November 14, a Bitcoin (BTC) overselling signal appeared, but will the bear market truly come to an end?

　　When a large red candle falls, the easiest mistakes are to either panic and sell at the lowest point or rush to buy halfway up. The points on the chart are fixed, but human emotions are not. For short-term trading, strictly enter and exit according to signals; for swing trading, take the 4-hour fluctuations less seriously. Do not borrow money, do not increase positions to average down, do not put all margin on one side. The text is just a review of the market and does not constitute any investment advice. Contracts carry high risk, think carefully before entering with real money, and you are responsible for your own gains and losses.

　　The daily candlestick has fallen below the EMA15, EMA30, EMA60 and all short to medium-term moving averages, with the moving averages arranged in a bearish pattern. The lower Bollinger Band at 70432 has been broken, and the price is running outside the lower band. In terms of MACD, bullish momentum continues to be suppressed. The TD Sequence on the daily chart shows a 9, indicating short-term overselling; however, before reclaiming key moving averages and the lower Bollinger Band, the daily chart remains weak, and any rebound should be viewed more as a correction following the decline.

　　The four-hour candlestick is below EMA15 at 71093, EMA30 at 72598, and EMA60 at 74345, with short to medium-term moving averages diverging downward, and resistance layers being heavy above on any rebound. The Bollinger Band is opening downward, with the price close to the lower band at 68044, and the middle band at 76353 moving down. The MACD's downward slope has slowed; the TD sequence has shown a 9 at a low level, indicating a short-term oversold observation signal, which suggests there may be a technical rebound after further declines, but whether the rebound can continue depends on volume and the recovery of moving averages.

　　Short-term reference:

　　For the upward move, resistance is at 67500 to 67000, stop loss at 500 points, target at 68500 to 70000.

　　For the downward move, resistance is at 71200 to 71700, stop loss at 500 points, target at 70000 to 69000.

　　Specific operations should be based on real-time market data; for more detailed information, you can consult the author. There may be a delay in the publication of the article; the suggestions are for reference only and the risk is self-borne.

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