$BTC quick check, Binance spot at 08:00 GMT: 78,152, up 1.7% in 24 hours.
Overnight BTC fell to 75,736, its lowest level since mid-September, then bounced back above 78,000 within a few hours. That V-shape is the story of the morning.
Levels I'm watching:
Resistance: 78,374 (today's high), then 78,880 (the 2 November high). The 20-day average sits higher at 80,407.
Support: 77,420 to 77,550 (last night's close area), then 76,390 to 76,430 (the 3 November low and this morning's retest), then 75,736.
A daily close above 78,880 would be the highest daily close since 28 October. A slip back under 76,400 would put the overnight low back in focus.
Not financial advice.
#Bitcoin #BTC #Binance #TechnicalAnalysis #BinanceSquare
Overnight BTC fell to 75,736, its lowest level since mid-September, then bounced back above 78,000 within a few hours. That V-shape is the story of the morning.
Levels I'm watching:
Resistance: 78,374 (today's high), then 78,880 (the 2 November high). The 20-day average sits higher at 80,407.
Support: 77,420 to 77,550 (last night's close area), then 76,390 to 76,430 (the 3 November low and this morning's retest), then 75,736.
A daily close above 78,880 would be the highest daily close since 28 October. A slip back under 76,400 would put the overnight low back in focus.
Not financial advice.
#Bitcoin #BTC #Binance #TechnicalAnalysis #BinanceSquare
