$BTC tagged ~$81.2K early on Nov 5, then reversed hard as a tech and AI selloff hit US stocks. By 21:17 UTC it traded near $75,881, down 5.7% in 24h. The question for Friday: does the $75K area hold, or does the 200-day MA come next?
📌 In short
• Price ~$75,881 (−5.7% in 24h), range ~$75.9K–81.2K
• Price is now about the same as Strategy's average cost (~$75.4K per BTC)
• Fear & Greed was 50 (neutral) before the selloff; it is likely to slip
📈 Technicals
• Below the 20-day MA ($80.2K) and 50-day MA ($82.0K), still ~3.5% above the 200-day MA ($73.2K)
• Lost Glassnode's active-investor cost basis at $77.7K
• Resistance: $77.7K / $80.2K / $81.2K / $82.0K
• Support: $75.6K (election-night low) / $75K / $73.2K (200-day MA)
• No fresh daily RSI available
🏦 Fundamentals & on-chain
• Spot BTC ETFs: +$74.6M on Nov 4 after ~$1.1B of outflows over 3 sessions; IBIT redeemed for a 4th day
• Strategy bought 811 BTC (~$65.5M); holds 849,327 BTC
• CryptoQuant: the correction has not ended yet
• Next difficulty adjustment ~Nov 12, est. +1.87%
⚡ Derivatives
• Nov 5 BTC liquidations ~$267M, ~93% shorts (before the late selloff)
• Open interest ~$53.2B; funding slightly positive
🎯 Scenarios
🟢 Reclaim $77.7K → $80.2K, then $82K
⚪ $75–78K range into the US jobs report
🔴 Daily close below $75K → $73.2K (200-day MA)
🗓 Next: US October jobs report, Fri Nov 6, 13:30 UTC (consensus ~+59K, unemployment 4.2%)
Where does $BTC close on Friday: above $78K or below $75K? 👇