November 14th, Friday, Jingwen, pancake strategy

Recently, the hawkish camp of the Federal Reserve has been very active, frequently making strong statements and releasing tough signals. The financial market's expectations for interest rate cuts have clearly cooled down. According to the data from federal funds futures contracts, investors' expectations for a rate cut by the Federal Reserve in December have dropped to about 47%. Before the Federal Reserve meeting in October, this expectation was as high as 100%—the significant drop in rate cut expectations has directly led to a return of cryptocurrency prices to a bearish trend.

The daily chart of Bitcoin shows a series of three consecutive bearish candles, with the Bollinger Bands moving downwards in sync. After the KDJ lines formed a death cross, they continued to diverge downwards, and the MACD indicator confirmed a second death cross, indicating a significant bearish trend. Although the probability of a rate cut by the Federal Reserve has decreased, suppressing market confidence, the White House's budget impasse has concluded. Additionally, there are signs of overselling on the four-hour chart, making it unwise to blindly chase shorts at the current position. Volatility is common on Fridays, so everyone should strictly control their positions and operate cautiously, leaning towards attempting low-long setups based on oversold rebound opportunities!

Big pie: Enter long at 98500-99000, steadily around 98000, defend near 97000, target 101000, if broken, look towards 103000 near #CoinDesk11月报告Gate战绩来袭 #广场发币瓜分千U奖池 #XRP现货ETF将上线 #BTC #PI