$BTC climbs off the 02:50 low, then fades toward $75.8K
Last 4 hours, Nov 8 02:50 – 06:45 UTC
$BTC is at $75,786, up 0.12% from $75,692. High $75,984, low $75,692 (0.39% range). Price climbed on heavy volume between 02:55 and 03:15, peaked near $75,950 around 04:20–04:30, then faded back toward $75,790.
📊 Market context
▪
BTC is down 2.2% since Nov 1 and 5.9% since the Nov 5 open ($80,507).
▪ US spot BTC ETFs: $411.9M net outflow on Friday, $1.28B for the week, a second straight negative week that turned 2026 flows negative (per The Block).
▪ CMC Fear & Greed (Nov 7): 31 (Fear).
📈 Volume
▪ 4h volume on Crypto.com ~$2.1M: 0.12x the 7-day average 4h bar ($17.1M, skewed by the Nov 5–6 sell-off) and 0.20x the median ($10.2M). The 02:55 candle was 7% of it.
🔎 Technicals & levels
▪ RSI(14, 5m) 42. On 4h bars RSI is 41 and price is below its 20-bar average ($76,846). On daily bars RSI is 38 and price is below its 20-day average ($79,444).
▪ Resistance: $75,984 (window high), $76,252 (Nov 7 high)
▪ Support: $75,692 (window low), $75,550 (Nov 7 low)
🗓 News & Catalysts
▪ EU set up a dedicated crypto task force to crack down on Russian sanctions evasion (per PANews).
▪ A Blockchain Reporter piece argues BTC's 64-day Coinbase discount mostly reflects a USDT basis rather than US selling.
▪ Next: China CPI/PPI (Nov 9, 01:30 UTC), Fed's Bowman speaks (Nov 9, 13:40 UTC), US CPI (Nov 10, 13:30 UTC).
#BTC #JobsReportRaisesHikeOdds #viralpost #analysis #cryptouniverseofficial
Last 4 hours, Nov 8 02:50 – 06:45 UTC
$BTC is at $75,786, up 0.12% from $75,692. High $75,984, low $75,692 (0.39% range). Price climbed on heavy volume between 02:55 and 03:15, peaked near $75,950 around 04:20–04:30, then faded back toward $75,790.
📊 Market context
▪
BTC is down 2.2% since Nov 1 and 5.9% since the Nov 5 open ($80,507).
▪ US spot BTC ETFs: $411.9M net outflow on Friday, $1.28B for the week, a second straight negative week that turned 2026 flows negative (per The Block).
▪ CMC Fear & Greed (Nov 7): 31 (Fear).
📈 Volume
▪ 4h volume on Crypto.com ~$2.1M: 0.12x the 7-day average 4h bar ($17.1M, skewed by the Nov 5–6 sell-off) and 0.20x the median ($10.2M). The 02:55 candle was 7% of it.
🔎 Technicals & levels
▪ RSI(14, 5m) 42. On 4h bars RSI is 41 and price is below its 20-bar average ($76,846). On daily bars RSI is 38 and price is below its 20-day average ($79,444).
▪ Resistance: $75,984 (window high), $76,252 (Nov 7 high)
▪ Support: $75,692 (window low), $75,550 (Nov 7 low)
🗓 News & Catalysts
▪ EU set up a dedicated crypto task force to crack down on Russian sanctions evasion (per PANews).
▪ A Blockchain Reporter piece argues BTC's 64-day Coinbase discount mostly reflects a USDT basis rather than US selling.
▪ Next: China CPI/PPI (Nov 9, 01:30 UTC), Fed's Bowman speaks (Nov 9, 13:40 UTC), US CPI (Nov 10, 13:30 UTC).
#BTC #JobsReportRaisesHikeOdds #viralpost #analysis #cryptouniverseofficial
