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On November 14th, Bitcoin fell below 100,000, dipping to around 95,800, briefly refreshing the low from the earthquake on October 11th. Should we buy the dip or continue to watch the bears?
If you have been following Sister Ying, then you clearly know that Sister Ying started to speculate at the peak above 123,000, and then said that a dip below 110,000 would indicate a temporary peak. Following that, as it fell below 100,000, the market gradually turned bearish, and the closer we get to 2026, the closer we are to a bear market.
Various predictions are gradually being realized, and we are all executing according to expectations. From the historical high to the current sharp fall of 30,000 points, how much have you eaten?
The above is just about mainstream Bitcoin and its status; as for altcoins, there's even less to say. Starting from the second half of 2024, many have begun to proclaim that "there will be no more altcoin seasons from now on." Many people have deliberately tried to smear me. As of now, it's unclear who has been slapped in the face. Anyway, from beginning to end, whether mainstream or altcoins, I have been guiding the winning troops to focus on shorting...
How to operate when Bitcoin and Ethereum fall below 100,000?
On the monthly chart, a large bearish candle has broken through the MA5 and MA10 moving averages, and it has also broken below the October low. The bearish trend remains evident, with the potential for a downward extension to the 8.8-90,000 range.
On the weekly chart, the three major bearish candles have directly broken through the lower Bollinger Band support, forming a "bearish cannon" pattern, with the bears likely to continue to dip further.
On the daily chart, the four consecutive bearish candles this week indicate a stronger trend than the bearish cannon, especially after breaking the psychological barrier of 100,000. We continue to hold a bearish outlook, with 100,000 serving as resistance in the short term.
Yesterday it was said that it would fall to 98,000. Although it far exceeds our expectations, it does not affect our continued bearish outlook. So this wave of decline is expected to extend to the 93,000-95,000 range, then undergo a weak rebound, and finally continue to fall.
After a big fall, there will definitely be a rebound in the middle. Remember one thing, rebounds are all opportunities for you to short, so don't rush what is supposed to come. Stay steady, and you will be the winner...#BTC