11.14
BTC
Due to the decline in expectations for interest rate cuts in December, both the U.S. stock market and cryptocurrencies have plummeted, leading to market sentiment reaching 15, and liquidity has been drained. Even ancient whales are mentioning cashing out on exchanges. Yesterday, the idea shared was that the market would continue to decline as we anticipated. From a technical perspective, the weekly level has now reached the support of the ascending trend line at the weekly level, so we need to closely monitor whether this position can hold. If it cannot hold, we will need to move in the larger direction downwards. However, there is no clear indication of a stop in the decline from both the daily and weekly levels, so from a daily summary perspective, if the position at 1004200 does not stabilize, it will still oscillate and trend downwards here, with support at 97800-95000 and resistance at 100420-103700
ETH
From a broader perspective, Ethereum has also not completely stopped its decline. The strong support for Ethereum will be in the range of 2800 to 3000, so currently, we need to pay attention to whether 3165 can hold. If it can hold, it will oscillate around here and may drive a rebound of the moving averages. Watch to see if 3570 can break; if it does not break, we still need to be cautious about the risks, with support at 3165-3025 and resistance at 3425-3580
