$BTC Nov 11: five red weeks in a row, and this one is red too so far.
Weekly closes: 86.5k → 83.7k → 82.1k → 80.1k → 78.3k → 74.8k. Now 73.8k.
What matters today:
• Yesterday swept 72,690 and bounced. That low is the line.
• 74,600 is the long-term daily average. Price lost it this week. Back above = first real sign of strength.
• Under every short-term average on the 4H. Sellers still in control.
Positioning:
• Funding flat, open interest flat. No big bets either way.
• Still ~2.8 accounts long for every 1 short. Fear & Greed at 29.
Retail keeps buying the dip while price keeps making lower closes.
My plan:
Reclaim 74.6k → long toward 75.5k.
Lose 72.7k → no longs, the next leg down is open.
In between → patience.
Are you buying this dip or waiting for 72k to break? 👇
Follow for the daily $BTC
check.
⚠️ Personal market insight, not investment advice. DYOR.
Weekly closes: 86.5k → 83.7k → 82.1k → 80.1k → 78.3k → 74.8k. Now 73.8k.
What matters today:
• Yesterday swept 72,690 and bounced. That low is the line.
• 74,600 is the long-term daily average. Price lost it this week. Back above = first real sign of strength.
• Under every short-term average on the 4H. Sellers still in control.
Positioning:
• Funding flat, open interest flat. No big bets either way.
• Still ~2.8 accounts long for every 1 short. Fear & Greed at 29.
Retail keeps buying the dip while price keeps making lower closes.
My plan:
Reclaim 74.6k → long toward 75.5k.
Lose 72.7k → no longs, the next leg down is open.
In between → patience.
Are you buying this dip or waiting for 72k to break? 👇
Follow for the daily $BTC
check.
⚠️ Personal market insight, not investment advice. DYOR.