Dogecoin Market Analysis: Bearish Patterns Emerge

狗狗幣市場分析：看跌模式出現

The Dogecoin market presents a bearish trend on the 4-hour chart, prompting concerns among investors. Initially forming a bullish falling wedge pattern from November 12 to 19, the anticipated rally was cut short by a weak breakout.

狗狗幣市場在4小時圖上呈現看跌趨勢，引發投資人擔憂。 11 月 12 日至 19 日期間，最初形成了看漲的下降楔形形態，但預期的反彈因疲軟的突破而被打斷。

On November 19, Dogecoin surged briefly, fueling optimism. However, financial analyst Kevin (@Kev_Capital_TA) had predicted the breakout's weakness, a prediction confirmed by the subsequent price action.

11 月 19 日，狗狗幣短暫飆升，引發了樂觀情緒。然而，金融分析師 Kevin (@Kev_Capital_TA) 預測了突破的疲軟，隨後的價格走勢證實了這一預測。

The key resistance level for Dogecoin is the macro 0.786 Fibonacci retracement, where it faced a sharp rejection. Kevin suggests that without a significant breakout, bullish enthusiasm is premature. Furthermore, he notes that Bitcoin's position at a critical resistance level suggests Dogecoin's movement will depend on Bitcoin breaching the $100,000 threshold.

狗狗幣的關鍵阻力位是宏觀 0.786 斐波那契回檔位，該回檔位使其遭到強烈拒絕。凱文表示，如果沒有重大突破，看漲熱情還為時過早。此外，他指出，比特幣處於關鍵阻力位的位置表明狗狗幣的走勢將取決於比特幣突破 10 萬美元的門檻。

Kevin advises traders to curb their excitement, stating that both Bitcoin and Dogecoin are facing major resistances and that significant breaks have yet to occur. He emphasizes the importance of Bitcoin's behavior, highlighting that technical analysis on Bitcoin currently supersedes that on Dogecoin.

凱文建議交易者抑制興奮，他表示比特幣和狗狗幣都面臨重大阻力，尚未有重大突破。他強調了比特幣行為的重要性，並強調目前對比特幣的技術分析取代了狗狗幣的技術分析。

Kevin's analysis of Dogecoin's 4-hour chart identifies a "nasty triple top" pattern at the 0.786 Fibonacci level, signaling a bearish trend with potential downward pressure. He cautions that a correction to $0.30, as previously predicted, could challenge bullish sentiment.

Kevin 對狗狗幣 4 小時圖表的分析發現，在 0.786 斐波那契水平處出現了「令人討厭的三重頂」模式，表明看跌趨勢存在潛在的下行壓力。他警告說，如之前預測的那樣，修正至 0.30 美元可能會挑戰看漲情緒。

In technical analysis, a triple top indicates a shift from an uptrend to a downtrend, occurring when price repeatedly tests the same resistance without breaking through. Dogecoin's failure to exceed $0.41 at the 0.786 Fib suggests waning bullish momentum in the short term.

在技​​術分析中，三重頂表示從上升趨勢向下降趨勢的轉變，當價格反覆測試相同的阻力位但沒有突破時就會發生。狗狗幣未能在 0.786 Fib 突破 0.41 美元，顯示短期看漲勢頭減弱。

Kevin asserts that Dogecoin has not yet broken out decisively, "Confined to sideways motion" until it surpasses the 0.786 Fib at $0.41. He outlines a bullish scenario if this level is cleared, targeting $0.80 to $0.85. However, he emphasizes the uphill challenge and dependence on Bitcoin's upward momentum.

Kevin 斷言，狗狗幣尚未決定性突破，“僅限於橫盤運動”，直至其突破 0.786 斐波那契水平至 0.41 美元。他概述瞭如果突破該水平則看漲的情景，目標為 0.80 至 0.85 美元。然而，他強調了艱鉅的挑戰以及對比特幣上漲勢頭的依賴。

Kevin projects a potential deeper correction for Dogecoin, supported by the triple top and Fibonacci rejection. His initial target price range is $0.30 to $0.26, marking a 30-40% pullback from the local peak and representing a healthy correction in a bull market.

凱文預計，在三重頂和斐波那契拒絕的支持下，狗狗幣可能會出現更深層的修正。他的初始目標價格範圍為 0.30 美元至 0.26 美元，較當地高峰迴調 30-40%，代表牛市中的健康調整。

In a broader perspective, Kevin emphasizes the significance of the upcoming monthly candle closure. "Dogecoin's looming objective is a monthly candle close above $0.335 within 11 days, marking an all-time peak close," he remarks, indicating his close monitoring of this milestone.

從更廣泛的角度來看，凱文強調了即將到來的每月蠟燭關閉的重要性。他表示：「狗狗幣迫在眉睫的目標是在 11 天內月度蠟燭圖收盤價突破 0.335 美元，創下歷史最高收盤價。」這表明他正在密切關注這一里程碑。