Dogecoin and most of the crypto market, especially Bitcoin and the top altcoins, have come under heavy selling pressure, with investors seeming disinterested in the usual buy-the-dip narratives due to fears that more losses are likely before the crypto market begins the run into the 2024/2025 bull market.

狗狗幣和大多數加密貨幣市場，尤其是比特幣和頂級山寨幣，都面臨著沉重的拋售壓力，投資者似乎對通常的逢低買入敘述不感興趣，因為他們擔心在加密貨幣市場開始運行之前可能會出現更多損失進入2024/2025牛市。

BTC price, as previously mentioned, risks bowing to another sell-off below $25,000 before it can make its bullish case above $30,000.

如前所述，BTC 價格可能會再次跌破 25,000 美元，然後才能將看漲理由推至 30,000 美元以上。

As for Dogecoin, support at $0.06 is playing a critical role in the ongoing stability and must be defended at all costs. Otherwise, trading below this level might push DOGE price into an extended downtrend targeting $0.044 and $0.04 areas, respectively.

至於狗狗幣，0.06 美元的支撐位在持續穩定中發揮關鍵作用，必須不惜一切代價捍衛。否則，低於該水平的交易可能會將 DOGE 價格推入長期下跌趨勢，目標分別為 0.044 美元和 0.04 美元區域。

Navigating DOGE Price Weakening Market Structure

訂閱與我們一起展示加密貨幣革命，一次一份時事通訊。立即訂閱，將每日新聞和市場更新直接發送到您的收件箱，以及我們數以百萬計的其他訂閱者（沒錯，數以百萬計的人愛我們！） - 您還在等什麼？駕馭DOGE 價格疲軟的市場結構

Dogecoin sits below all three major moving averages, starting with the 50-day EMA (red), the 100-day EMA (blue) and the 200-day EMA (purple). This position implies that DOGE price is vulnerable to declines unless buyers ignore the entire crypto environment (currently in shambles) to gain ground above the moving averages and most importantly the resistance at $0.07.

狗狗幣位於所有三條主要移動平均線下方，首先是 50 日均線（紅色）、100 日均線（藍色）和 200 日均線（紫色）。這一立場意味著 DOGE 價格很容易下跌，除非買家忽略整個加密貨幣環境（目前處於混亂狀態）以高於移動平均線，最重要的是突破 0.07 美元的阻力位。

As seen on the chart, Dogecoin’s movements have since October’s run-up to $0.16, been confined below a descending channel, which bulls must break to make significant headway to the psychological resistance at $0.2.

從圖表中可以看出，自 10 月上漲至 0.16 美元以來，狗狗幣的走勢一直被限制在下降通道下方，多頭必須突破該通道才能大幅突破 0.2 美元的心理阻力位。

The technical outlook in shorter timeframes like the four-hour chart foreshadows a 7% fall if a bearish rectangle pattern confirms a breakout.

如果看跌矩形形態確認突破，四小時圖等較短時間範圍內的技術前景預示著 7% 的下跌。

Dogecoin holds in a precarious position, where movement below the rectangle lower limit at $0.0614 may add credence to the fears around losses extending beneath $0.06 and exacerbating the potential dip to $0.044 and $0.04 buyer congestion and liquidity zones.

狗狗幣處於不穩定的狀態，低於 0.0614 美元的矩形下限可能會加劇人們對損失延伸至 0.06 美元以下的擔憂，並加劇潛在跌幅至 0.044 美元和 0.04 美元的買家擁擠和流動性區域。

It’s Not Over For DOGE Bulls

DOGE 公牛還沒結束

A recovery is likely to follow the ongoing consolidation above support at $0.06 based on the uptrend in the Money Flow Index (MFI).

基於資金流量指數 (MFI) 的上升趨勢，在 0.06 美元支撐位上方持續盤整後，可能會出現復甦。

The (MFI) tracks the amount and direction of money flowing into and out of DOGE markets over some time. It combines both price and volume data to measure the buying and selling pressure on an asset.

(MFI) 追蹤一段時間內流入和流出 DOGE 市場的資金數量和方向。它結合了價格和數量數據來衡量資產的買賣壓力。

An uptrend in the MFI indicates that more money is flowing into Dogecoin markets than out, which could signal a bullish trend or a potential price reversal first to $0.07 and later above the channel on its way past $0.1.

MFI 的上升趨勢表明，流入狗狗幣市場的資金多於流出的資金，這可能預示著看漲趨勢或潛在的價格反轉，首先升至 0.07 美元，然後高於通道並突破 0.1 美元。

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