#BitcoinFiveWeeklyLosses
📉 Bitcoin Just Logged 5 Straight Weekly Losses. What Now? 🔍
BTC has now closed lower for five weeks in a row. Here is the streak, week by week:
• Week to Oct 11: -3.19%
• Week to Oct 18: -1.98%
• Week to Oct 25: -2.39%
• Week to Nov 1: -2.25%
• Week to Nov 8: -4.47%
📊 Total: about -13.5% from the Oct 4 weekly close ($86,530) to the Nov 8 close ($74,851).
(Weeks are Monday to Sunday on UTC daily closes.)
💰 Right now: $BTC ~$74,548 (-2.01% today, -4.41% over 7D)
🧭 Fear & Greed Index is 26 (F It was 29 yesterday,Sentiment: theear). 56 a month ago.
📰 What's in 33 a week ago and the head24h, mostly long positions (lines
• About $1B was liquidated in Benzinga, Nov 9).
•Coinglass via Analyst views are split. Ali Martinez noted that BTC held its 200-day SMA, near $73,000–$74,000. Michaël van de Poppe called $75,000 a pivotal area. Benjamin Cowen is more cautious and compared this year to previous midterm years.
• Macro: Tuesday's CPI report and Friday's PPI report are due. CME FedWatch showed a 78.5% probability of a rate increase at the Fed's last meeting of the year (Benzinga, Nov 9).
💡 Perspective
✅ Five red weeks hurt, but the 90-day change is still +15.98%
✅ Fear readings are sentiment, not a signal to buy or sell
✅ Big data days like CPI can bring sharp moves, so check your leverage
✅ DYOR and size positions for your own risk
❓ Do you see a 5-week losing streak as a warning or as exhaustion? Tell me below 👇
#MarketUpdate
Not financial advice.
📉 Bitcoin Just Logged 5 Straight Weekly Losses. What Now? 🔍
BTC has now closed lower for five weeks in a row. Here is the streak, week by week:
• Week to Oct 11: -3.19%
• Week to Oct 18: -1.98%
• Week to Oct 25: -2.39%
• Week to Nov 1: -2.25%
• Week to Nov 8: -4.47%
📊 Total: about -13.5% from the Oct 4 weekly close ($86,530) to the Nov 8 close ($74,851).
(Weeks are Monday to Sunday on UTC daily closes.)
💰 Right now: $BTC ~$74,548 (-2.01% today, -4.41% over 7D)
🧭 Fear & Greed Index is 26 (F It was 29 yesterday,Sentiment: theear). 56 a month ago.
📰 What's in 33 a week ago and the head24h, mostly long positions (lines
• About $1B was liquidated in Benzinga, Nov 9).
•Coinglass via Analyst views are split. Ali Martinez noted that BTC held its 200-day SMA, near $73,000–$74,000. Michaël van de Poppe called $75,000 a pivotal area. Benjamin Cowen is more cautious and compared this year to previous midterm years.
• Macro: Tuesday's CPI report and Friday's PPI report are due. CME FedWatch showed a 78.5% probability of a rate increase at the Fed's last meeting of the year (Benzinga, Nov 9).
💡 Perspective
✅ Five red weeks hurt, but the 90-day change is still +15.98%
✅ Fear readings are sentiment, not a signal to buy or sell
✅ Big data days like CPI can bring sharp moves, so check your leverage
✅ DYOR and size positions for your own risk
❓ Do you see a 5-week losing streak as a warning or as exhaustion? Tell me below 👇
#MarketUpdate
Not financial advice.