Cryptocurrency Academy: On November 14, an overselling signal for Bitcoin (BTC) appeared, but will the bearish trend really come to an end?

A large bearish candlestick has come down, and it's easy to make two mistakes: either panicking and cutting losses at the lowest point, or rushing to buy in halfway up. The points on the chart are fixed, but the human mindset is fluid. If you are day trading, strictly follow the signals for entry and exit; if you are swing trading, take the 4-hour fluctuations more lightly. Don't borrow money, don't add positions to average down, and don't put all your margin on one side. The text is only a review of the market and does not constitute any investment advice; contracts are high risk, think clearly before entering with real money, and take responsibility for your own gains and losses.

The daily candlestick has fallen below all the short and medium-term moving averages such as EMA15, EMA30, and EMA60, indicating a bearish arrangement; the lower Bollinger Band at 70432 has been broken, and the price is running outside the lower band. In terms of MACD, the bullish momentum continues to be suppressed. The TD Sequential on the daily chart has reached 9, showing signs of overselling on a short-term basis, but without regaining the key moving averages and the lower Bollinger Band, the daily level remains weak, and rebounds should be viewed primarily as corrections following the decline.

The four-hour candlestick is below EMA15 at 71093, EMA30 at 72598, and EMA60 at 74345, with short and medium-term moving averages diverging downwards, putting pressure on the upper levels for any rebounds. The Bollinger Band is opening downwards, with the price running close to the lower band at 68044, and the middle band at 76353 is moving down. The decline rate of MACD has slowed; the TD Sequential has reached 9 at the low levels, indicating a short-term overselling observation signal, suggesting that after a continued drop, there may be a technical bounce, but whether this bounce can sustain depends on volume and the recovery of moving averages.

Short-term reference:

Going north from 67500 to 67000 met resistance, with a stop loss of 500 points; targets are 68500 to 70000.

Going south from 71200 to 71700 stagnated, with a stop loss of 500 points; targets are 70000 to 69000.

Specific operations should be based on real-time market data; for more information, you can consult the author. The article release has a delay, and the suggestions are for reference only; risks are taken on oneself.

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