The midnight market once again witnessed a "waterfall" crash, with Bitcoin suddenly plummeting through the important 100,000 threshold during the early morning hours, displaying a nearly vertical drop, quickly probing down to the 97,900 line, setting a new recent low, and the bearish atmosphere instantly swept across the market. From the 1-hour candlestick pattern, it is evident that Bitcoin has clearly fallen into a short-term downtrend mode—rapid declines, weak rebounds, and continued probing for a bottom. Even though there are sporadic recoveries during the day, the magnitude is weak and lacks continuity, completely unable to shake the pattern of bearish control. The MACD indicator has released a clear bearish signal: both lines are firmly pressed below the zero axis, and the bearish momentum shows an accelerating expansion trend. The volume performance also highlights a unilateral characteristic—volume increases during declines and shrinks during rebounds, clearly presenting a pattern of "declines supported by volume, rebounds go unnoticed." The current market pattern is very clear: bears not only hold an advantage but also completely control the pace of the market; bulls are not only on the defensive but also find it difficult to organize effective resistance. Overall, this round of decline is not a random fluctuation but a trend suppression after the strengthening of bear momentum, and the short-term market will continue to show a weak pattern. It is recommended to short when the price rebounds to around 99900-100500, with a target looking down at 98500-97500. #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
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Morning analysis of ideas on November 14th
The midnight market once again witnessed a "waterfall" crash, with Bitcoin suddenly plummeting through the important 100,000 threshold during the early morning hours, displaying a nearly vertical drop, quickly probing down to the 97,900 line, setting a new recent low, and the bearish atmosphere instantly swept across the market.
From the 1-hour candlestick pattern, it is evident that Bitcoin has clearly fallen into a short-term downtrend mode—rapid declines, weak rebounds, and continued probing for a bottom. Even though there are sporadic recoveries during the day, the magnitude is weak and lacks continuity, completely unable to shake the pattern of bearish control.
The MACD indicator has released a clear bearish signal: both lines are firmly pressed below the zero axis, and the bearish momentum shows an accelerating expansion trend. The volume performance also highlights a unilateral characteristic—volume increases during declines and shrinks during rebounds, clearly presenting a pattern of "declines supported by volume, rebounds go unnoticed."
The current market pattern is very clear: bears not only hold an advantage but also completely control the pace of the market; bulls are not only on the defensive but also find it difficult to organize effective resistance. Overall, this round of decline is not a random fluctuation but a trend suppression after the strengthening of bear momentum, and the short-term market will continue to show a weak pattern.
It is recommended to short when the price rebounds to around 99900-100500, with a target looking down at 98500-97500.
#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