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#HotColumn BTC ANALYSIS November 14
On frame D1: Yesterday's candle D1 was a fairly strong bearish candle, with a candle shadow above and closing close to the bottom, and the volume also increased. It shows relatively strong selling pressure during the day. - The chart structure on D1 is moving sideways and accumulating in the Inside bar candlestick pattern, with 01 mother candle and 04 child candles. It represents price compression in preparation for the next round of strong fluctuations. - The main trend on D1 is still increasing, so I still prioritize waiting to buy BTC below.
On H4 frame: After creating a false break through the rising price channel, BTC had a downward correction (as I mentioned in the previous article). - The main trend on D1 and H4 is still trending up, so I still prioritize the scenario of waiting to buy BTC at the lower border of the rising price channel.