BTC latest market trend analysis: On 11/5, in the cryptocurrency market, there's no avoiding setbacks. The long-term bearish positions have been fully deployed, capturing too much space. In the early morning, driven by impulse, I entered a long position. After BTC fell below 101,500, I immediately closed all positions to cut losses. Occasional losses in bearish positions are normal. There are no invincible gods in the crypto world. By grasping the trend and wave patterns, overall not losing is a sign of victory! Currently, the market is in a downtrend, with technical indicators showing increasing bearish momentum. Both short-term and long-term moving averages are trending downward, and the price is below the moving averages. However, the price is approaching a strong support level at 98,888.8 and has formed a hammer candlestick pattern, which often signals a potential reversal and suggests a rebound may occur in the short term. Technical signals show some contradictions: trend indicators continue to point downward, but candlestick patterns and support levels hint at the possibility of a rebound.