Wall Street Encryption Morning Report November 14, 2025 Beijing Time

🔥 Title: Market Logic Changes! Why is a Full Favorable Outlook a Negative?
📌 Core Insights: From the plunge of Circle, see through the real predicament of the current encryption market.
When a company's financial report is impressive but its stock price plummets, it often means that the market logic has changed - Circle's experience is just like that. Expectations of interest rate cuts weaken profitability, internal stock unlocks bring selling pressure, and "good news fully released turns into bad news."
The continuous decline of mainstream coins is reminiscent of the logic behind Circle's stock price: the market lacks confidence in subsequent positive news, while institutional funds are quietly withdrawing. Before the trend reverses, oscillating to find the bottom remains the main theme; our task is to seek certainty amid the volatility.

⚡ Today's range: Keep an eye on key levels, sell high and buy low
Bitcoin
🏹 Airstrike Area: 100,400 - 102,300 (Rebound to this level will face pressure, can gradually layout short positions)
🛡 Defense Zone: 97,000 - 96,000 (Close to support, can take a small long position with strict risk control)
Ethereum
🏹 Airstrike Area: 3,250 - 3,400
🛡 Defense Zone: 3,050 - 2,900

🚨 Risk control red line (stop loss is a lifeline)
BTC | Short Stop Loss 103,800 | Long Stop Loss 94,500
ETH | Short Stop Loss 3,500 | Long Stop Loss 2,800

💎 Perspective Insight:
In a downtrend, it's not about who makes more, but who survives longer. Control risks, maintain patience, and wait for clear signals of a market sentiment and capital turnaround.

"The True Sutra of Bitcoin" - Amidst the rising winds and surging clouds, you and I hold onto a single thought.