Morning thoughts sharing on 11.14

From the current market perspective, the daily closing of Bitcoin has reached the lower band of the Bollinger Bands, and a sudden drop in the early morning refreshed the previous low, further confirming the strong continuation of the bearish trend.

On the four-hour level, after three consecutive bearish candles touch the lower band, momentum has weakened, which is a normal pullback after a significant drop; the market will not move in a one-sided manner, and the correction on the chart needs time to digest. However, the bearish trend on a larger timeframe still dominates, combined with the current market being in a pullback phase, intraday operations can focus primarily on high shorts, with low longs as a supplement.

The pancake can be shorted near 100800-101500, with a target looking towards 98000-96000.
Ether can be shorted in the range of 3300-3350, targeting around 3200-3100.

(Personal opinions are for reference only, everything is subject to the actual market!) #加密市场观察 #今日你看涨还是看跌？