11.14BTC Morning Analysis

Daily Level Analysis
· K-line pattern: The daily candlestick shows a large bearish candle, with the price plummeting 2319 points to 99653, a drop of 2.28%, having fallen below the psychological barrier of 100,000, indicating strong bearish momentum.
· Bollinger Bands: The price accelerated downward after breaking below the middle band (102785), moving towards the lower band (98695), with the Bollinger Bands opening downward.
· MACD: DIF (-1036) and DEA (-598) diverged rapidly after forming a death cross below the zero line, and the MACD histogram (-875) has sharply increased in negative value, indicating strong bearish momentum.
· Key position: 97970 becomes the last line of defense, and breaking below it will trigger a deep decline.
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4-hour level analysis
· Trend Structure: The price is declining along the lower band of the Bollinger Bands, forming a typical downward trend. Any rebound is met with resistance around 104000.
· Moving Average System: The moving averages across various periods are in a bearish arrangement, with short-term moving averages forming multiple layers of resistance.
· MACD: The DIF and DEA quickly decline after forming a dead cross below the zero axis, and the MACD histogram continues to expand, indicating strong bearish momentum.
· Price-Volume Relationship: A net inflow of $26.86 million indicates bottom-fishing funds, but has not changed the downward trend.
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Comprehensive judgment
BTC has confirmed a daily-level breakdown, and the technical outlook has turned bearish overall. After the price broke below the 100,000 mark, the downside space has opened up. Any short-term rebound is an opportunity to short, with the overall trend focusing on shorting on rallies.
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Operation Suggestions
· Retracement 101000-101500 short target 99000-98000
· After breaking below 97970, rebound to short, target 96000-95000
· Around 98000-97500, target 99500-100500
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