$BTC drops, pops to $75.6K, then slides to $74.7K
Last 4 hours, Nov 9 01:10 – 05:05 UTC
BTC is at $74,731, down 0.77% from $75,308. High $75,603, low $74,581 (1.37% range). Price dipped to $74,698 around 01:30, rebounded to $75,603 by 02:30, then slid to the 05:00 low.
📊 Market context
▪ BTC hit $73,469 on Sunday (Nov 8), then recovered to close at $74,855. It is down 7.2% since the Nov 5 open ($80,507).
▪ US spot BTC ETFs: $1.282B net outflow last week, $1.209B of it from IBIT (per PANews).
▪ CMC Fear & Greed (Nov 7): 31 (Fear).
📈 Volume
▪ 4h volume on Crypto.com ~$22.5M: 1.29x the 7-day average 4h bar ($17.5M, which includes the Nov 5–6 sell-off and Sunday's flush) and 2.08x the median ($10.8M).
🔎 Technicals & levels
▪ RSI(14, 5m) 33. On 4h bars RSI is 31 and price is below its 20-bar average ($75,819). On daily bars RSI is 34 and price is below its 20-day average ($79,089).
▪ Galaxy's head of research notes BTC's weekly close slipped below its 50-week average after seven straight weeks above it (per PANews).
▪ Resistance: $75,603 (window high), $76,201 (Nov 8 high)
▪ Support: $74,581 (window low), $73,469 (Nov 8 low)
🗓 News & Catalysts
▪ CoinDesk attributes today's volatility to an Nvidia cheating scandal and failed Iran talks (per its headline).
▪ Next: Fed's Bowman speaks (Nov 9, 13:40 UTC), US CPI (Nov 10, 13:30 UTC).
#BinanceReopensWithdrawalsForMoreAssets #viralpost #BTC #analysis #cryptouniverseofficial
Last 4 hours, Nov 9 01:10 – 05:05 UTC
BTC is at $74,731, down 0.77% from $75,308. High $75,603, low $74,581 (1.37% range). Price dipped to $74,698 around 01:30, rebounded to $75,603 by 02:30, then slid to the 05:00 low.
📊 Market context
▪ BTC hit $73,469 on Sunday (Nov 8), then recovered to close at $74,855. It is down 7.2% since the Nov 5 open ($80,507).
▪ US spot BTC ETFs: $1.282B net outflow last week, $1.209B of it from IBIT (per PANews).
▪ CMC Fear & Greed (Nov 7): 31 (Fear).
📈 Volume
▪ 4h volume on Crypto.com ~$22.5M: 1.29x the 7-day average 4h bar ($17.5M, which includes the Nov 5–6 sell-off and Sunday's flush) and 2.08x the median ($10.8M).
🔎 Technicals & levels
▪ RSI(14, 5m) 33. On 4h bars RSI is 31 and price is below its 20-bar average ($75,819). On daily bars RSI is 34 and price is below its 20-day average ($79,089).
▪ Galaxy's head of research notes BTC's weekly close slipped below its 50-week average after seven straight weeks above it (per PANews).
▪ Resistance: $75,603 (window high), $76,201 (Nov 8 high)
▪ Support: $74,581 (window low), $73,469 (Nov 8 low)
🗓 News & Catalysts
▪ CoinDesk attributes today's volatility to an Nvidia cheating scandal and failed Iran talks (per its headline).
▪ Next: Fed's Bowman speaks (Nov 9, 13:40 UTC), US CPI (Nov 10, 13:30 UTC).
#BinanceReopensWithdrawalsForMoreAssets #viralpost #BTC #analysis #cryptouniverseofficial
