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Ethereum Flashes a Reversal Setup — Now It Just Needs the 'Mega' Confirmation
[Bitcoin Daily] In a Highly Bearish Phase! Bitcoin Faces Increased Pressure After Dropping Below $10,000: Are All Positive Catalysts Exhausted?
On Friday (November 14), Bitcoin entered the Asian market, further declining to around $97,600 after three consecutive days of sharp drops below the $100,000 level, while Ethereum fell to test the $3,100 support level. This month, major cryptocurrencies like Bitcoin have experienced significant declines, whereas gold and silver have continued to strengthen.
Bitcoin Plunges Under $98,000, ETH, SOL, ADA Down 8% as $880M in Bullish Bets Liquidated
The 'centrists' are beginning to waver, with 'an increasing number of' senior officials 'unwilling to ease further.' The Fed may face 'two choices' in December.
The stances of the Federal Reserve’s ‘dovish’ and ‘centrist’ members have shown signs of shifting, revealing hesitation toward further monetary policy easing. This has caused the probability of a Federal Reserve rate cut in December to drop from 67% earlier this week to around 49%. According to an analysis by Nick Timiraos, a reporter for The Wall Street Journal, the outcome of the December meeting appears to be leaning toward 'two options': either maintaining the current interest rate or, if a rate cut is implemented, setting a higher threshold for future easing through policy guidance.
Bitcoin falls below $100,000: 10X forecasts the next key support level for Bitcoin to be around $93,000.
①Market data shows that the world's largest cryptocurrency plunged about 4% overnight to below the $98,000 mark; ②From a technical perspective, Bitcoin has fallen more than 20% from its historical high of above $125,000 last month, entering the traditionally defined bear market territory.
Bitcoin, Ethereum, Dogecoin, XRP Plunge Amid Fading Fed Rate Cut Hopes: As BTC Stays Below $100,000, Analyst Says 'It's Not Great'