Who blinks first in November, the bulls at $76,300 or the bears at $77,700?
Bitcoin is squeezed between support at $76,300 to $76,600 and resistance at $77,700 to $78,600, with fear at 30, ETF outflows on Friday, and a phased Binance withdrawal restart due today. Bulls can argue the leverage flush is done, $398 million in fresh liquidations is far smaller than the $1.53 billion peak, and fear at 30 has often marked shaky bottoms. Bears can argue ETF money is still leaving, October closed red, and every bounce toward $78,600 has been sold so far. My own view is that the first clean break, with volume, matters more than any opinion, because range traders will flip fast once one side loses its level. Until then, I am trading small and letting the level decide.
Which level breaks first in your view, $76,300 support or $77,700 resistance, and why?
Follow for more trades.
#Crypto #Bitcoin #MarketUpdate #FuturesTrading #TradingSignals
Bitcoin is squeezed between support at $76,300 to $76,600 and resistance at $77,700 to $78,600, with fear at 30, ETF outflows on Friday, and a phased Binance withdrawal restart due today. Bulls can argue the leverage flush is done, $398 million in fresh liquidations is far smaller than the $1.53 billion peak, and fear at 30 has often marked shaky bottoms. Bears can argue ETF money is still leaving, October closed red, and every bounce toward $78,600 has been sold so far. My own view is that the first clean break, with volume, matters more than any opinion, because range traders will flip fast once one side loses its level. Until then, I am trading small and letting the level decide.
Which level breaks first in your view, $76,300 support or $77,700 resistance, and why?
Follow for more trades.
#Crypto #Bitcoin #MarketUpdate #FuturesTrading #TradingSignals
