11.14 BTC ETH morning thoughts

The midnight market once again experienced a "cliff-like" drop, with BTC suddenly losing the key support level of 100,000 in the early hours, showing an almost vertical plunge, crashing down to around 97,900, directly setting a new low for the phase, and the bearish sentiment instantly ignited the entire scene.

From the 1-hour level structure, Bitcoin is deeply trapped in a typical short-cycle bearish cycle - sharp drop, weak rebound, and then further decline. Even if there are occasional intraday bounces, their strength is insufficient and continuity is nonexistent, which fundamentally cannot shake the current bear-dominated rhythm.

The MACD aspect gives a strong signal: the double lines are deeply pressed below the zero axis, and the bearish momentum is accelerating again. The volume structure also points in one direction—volume increases during declines and decreases during rebounds, which is a typical "downtrend has a leading force, rebound has no one to take over."

The current state of the market is very clear: bears not only dominate but also control the pace; bulls are not just passive, but have even struggled to organize a decent counterattack. Overall, this decline is not a sporadic fluctuation, but a trend-driven strike after the strengthening of bear forces, and the short-term trend still finds it hard to escape the weak framework.

Personal suggestion
BTC: Enter short in the 100800-101500 range, target looking down at 98000-96500!
ETH: Enter short in the 3270-3300 range, target down to 3200-3050, break below look at 2800!
$BTC $GT $ETH
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