$BTC went from about 79,967 USDT at 5:33 p.m. PKT to 75,958 USDT at 8:51 p.m. PKT on November 5, according to Binance Market Data. By that second snapshot, its rolling 24-hour change was −5.54%.
The next bounce is worth watching for what happens after it starts.
If $BTC gets back above 78,000 and holds there on a retest, that would be one sign the immediate selling pressure is easing. If it briefly recovers 76,000 and slips back below it, the rebound looks weaker. Both are reference points from the selloff, and a single candle can move through either one quickly.
After a move like this, what do you give more weight to: a four-hour close back above a level or a successful retest?
The next bounce is worth watching for what happens after it starts.
If $BTC gets back above 78,000 and holds there on a retest, that would be one sign the immediate selling pressure is easing. If it briefly recovers 76,000 and slips back below it, the rebound looks weaker. Both are reference points from the selloff, and a single candle can move through either one quickly.
After a move like this, what do you give more weight to: a four-hour close back above a level or a successful retest?