BTC gave back the $80K bounce in two days 📉
BTC: $75,829 now. Daily closes: Nov 4 $80,504 → Nov 5 $76,088 → Nov 6 $75,562.
What hit it: Nasdaq fell 5.52% into correction on Nov 5, VIX jumped ~70% to 28.18, and over $1B in crypto longs were liquidated in 24 hours. Strong US jobs (+165K vs 65K expected) also pushed December Fed hike odds back toward ~80% — good news for the economy, bad news for risk appetite.
Levels to watch: $75K–$76K is the first line, then $74K. Below that, $69K is the level analysts keep flagging. A reclaim of $80K would change the short-term picture.
Not financial advice. DYOR.
BTC: $75,829 now. Daily closes: Nov 4 $80,504 → Nov 5 $76,088 → Nov 6 $75,562.
What hit it: Nasdaq fell 5.52% into correction on Nov 5, VIX jumped ~70% to 28.18, and over $1B in crypto longs were liquidated in 24 hours. Strong US jobs (+165K vs 65K expected) also pushed December Fed hike odds back toward ~80% — good news for the economy, bad news for risk appetite.
Levels to watch: $75K–$76K is the first line, then $74K. Below that, $69K is the level analysts keep flagging. A reclaim of $80K would change the short-term picture.
Not financial advice. DYOR.
