"Market Analysis on November 14: Beware of Another Plunge, Fear Index in Single Digits"

Yesterday's analysis indicated that there is a risk of a sharp decline on both the daily and 4-hour charts, with several resistance levels being reached. The entire drop hit the second support level provided yesterday, and this wave of decline was very rapid. The target of 94,000 is getting closer, and someone mentioned this morning that the fear index is at 16; is it the bottom? Clearly, when it drops to 93,000-94,000, the single digits will signal the bottom.

$BTC The Bitcoin is currently showing a potential small-scale triangle consolidation pattern. We need to see if it will experience a false breakout down to the support zone of 97600-97000, followed by a rebound and then continue to decline, or if it will complete the consolidation and reach the resistance level around 101600, allowing us to short again.

The support range below today is between 132-129, while the resistance level at 148 should be monitored from Friday until 7 AM on Saturday to see if it provides us with a shorting opportunity. There is also a worst-case support level near 114.

$SOL Today, if the two short-term support levels at 3125-3078 are broken, it will go to 2976. The upper pressure range is 3350-3370, which are all positions where we can wait to open short.

In summary, the risk of a sharp decline has not yet been eliminated. The final target of Bitcoin at 94,000 is getting closer to us, and we are looking forward to the arrival of this day! (Follow the section chief, who brings you the latest market analysis and precise entry points daily. Long and short positions are for B friends' reference only, with strict stop-loss and take-profit.)