$BTC Holds ~$75.8K as a Fifth Straight Red Week Looms
Bitcoin is trading around $75,800 on Sunday morning, in a tight overnight range of about $75,545–$75,868. It is down 2.4% over 7 days and 7.6% over 30 days.
Key levels this weekly close:
• Weekly open: $78,232. A close above it would end the losing streak.
• Week's low: $74,722 (Friday), still holding.
• 200-day MA: around $73,200, the next major support.
• 100-day MA: around $77,300, the first resistance.
Why the market may be pricing it now: US spot BTC ETFs saw about $1.28B in net outflows this week, with the heaviest exits Thursday and Friday. Sentiment is in "Fear" (28). Since 2017, five or more red weeks in a row have happened only twice.
Majors as of yesterday: $ETH near $2,250 and $BNB near $700. Total market cap is about $2.55T, with BTC dominance just under 60%.
Intraday: no reliable data, so not reported.
What to watch next: the Sunday weekly close vs. $78.2K, and US October CPI on Tuesday, Nov 10.
#Bitcoin #CryptoMarket #BTC #ETFflows #CPI
Bitcoin is trading around $75,800 on Sunday morning, in a tight overnight range of about $75,545–$75,868. It is down 2.4% over 7 days and 7.6% over 30 days.
Key levels this weekly close:
• Weekly open: $78,232. A close above it would end the losing streak.
• Week's low: $74,722 (Friday), still holding.
• 200-day MA: around $73,200, the next major support.
• 100-day MA: around $77,300, the first resistance.
Why the market may be pricing it now: US spot BTC ETFs saw about $1.28B in net outflows this week, with the heaviest exits Thursday and Friday. Sentiment is in "Fear" (28). Since 2017, five or more red weeks in a row have happened only twice.
Majors as of yesterday: $ETH near $2,250 and $BNB near $700. Total market cap is about $2.55T, with BTC dominance just under 60%.
Intraday: no reliable data, so not reported.
What to watch next: the Sunday weekly close vs. $78.2K, and US October CPI on Tuesday, Nov 10.
#Bitcoin #CryptoMarket #BTC #ETFflows #CPI