Bitcoin just printed $62,006 — its lowest since August — and the Fear & Greed Index just hit 10. This is the washout the whole market has been waiting to see.
• US spot Bitcoin ETFs pulled $1.91 billion in seven straight sessions through Friday, Nov 13 (Farside).
• Nearly $2 billion in leveraged positions got liquidated in 24 hours, with Bitcoin longs taking the biggest hit (CoinGlass).
• BTC now trades 49% below its $126,080 October high, with the daily RSI at 19.6 — deep oversold territory.
My bias: the bounce from $62,006 holds and the evening session builds on it while $63,000 stands. The reclaim target is $67,800, the 200-week average that broke on Saturday. FOMC minutes land Wednesday at 2:00 PM ET, and that is the next real catalyst for the US session.
Levels I am watching tonight: resistance $65,000, then $67,800. Support $63,000, then the $62,006 low. ETH holds $1,711 as its line in the sand, with $1,838 next up.
Below $62,000, this setup is off the table.
Are you buying this dip at $65,000, or waiting for the $67,800 reclaim first?
$BTC $ETH $BNB
#Bitcoin #BTC #CryptoNews #CryptoMarket #CryptoAnalysis
• US spot Bitcoin ETFs pulled $1.91 billion in seven straight sessions through Friday, Nov 13 (Farside).
• Nearly $2 billion in leveraged positions got liquidated in 24 hours, with Bitcoin longs taking the biggest hit (CoinGlass).
• BTC now trades 49% below its $126,080 October high, with the daily RSI at 19.6 — deep oversold territory.
My bias: the bounce from $62,006 holds and the evening session builds on it while $63,000 stands. The reclaim target is $67,800, the 200-week average that broke on Saturday. FOMC minutes land Wednesday at 2:00 PM ET, and that is the next real catalyst for the US session.
Levels I am watching tonight: resistance $65,000, then $67,800. Support $63,000, then the $62,006 low. ETH holds $1,711 as its line in the sand, with $1,838 next up.
Below $62,000, this setup is off the table.
Are you buying this dip at $65,000, or waiting for the $67,800 reclaim first?
$BTC $ETH $BNB
#Bitcoin #BTC #CryptoNews #CryptoMarket #CryptoAnalysis
