BTC Has Printed Lower Highs for 7 Straight Days. I Need $76.4K Back Before I Turn Bullish
$BTC is trading around $73,574 on Binance this morning, down 0.2% on the day in a $73,209 to $74,811 range. $ETH is about $2,043 (-0.4%) and $SOL about $82.53 (-0.5%). The Fear & Greed Index (Alternative.me) printed 29 for 11/11, still Fear.
The quiet day hides the bigger picture. BTC closed at $81,344 on 10/28, so it's down roughly 9.6% since then. Look at the daily highs since 11/5: $80,918, $76,416, $76,250, $76,200, $75,599, $75,442, $74,811. Every single day has topped below the one before. The low so far is $72,727 from 11/10.
My read: this is a slow bleed, not a capitulation. Volatility is shrinking while price grinds lower, and that usually resolves with a bigger move. BTC is falling less than ETH and SOL today, so money isn't fleeing crypto in a panic, it's just not willing to pay up. I'm not adding here. The $72.7K low is my line: a daily close under it and I expect another leg down. For me to turn constructive, BTC needs to break this staircase and reclaim about $76.4K, the 11/6 high, where it got rejected repeatedly.
This is exactly where I'd rather write down a plan than react to every candle. OWL AI is a decentralized portfolio strategy platform covering US stocks, ETFs, crypto and commodities, with strategy vaults already deployed on multiple EVM networks, and Robinhood Chain and Arc currently being deployed. A creator can turn a BTC view like this into a public on-chain strategy where holdings and rebalances are inspectable, and you can Follow / Star / Subscribe to the ones you trust. As of 10/31: TVL 7,528,536 USDC and 4,620 holding addresses.
#BTC #Bitcoin #CryptoMarket
$BTC is trading around $73,574 on Binance this morning, down 0.2% on the day in a $73,209 to $74,811 range. $ETH is about $2,043 (-0.4%) and $SOL about $82.53 (-0.5%). The Fear & Greed Index (Alternative.me) printed 29 for 11/11, still Fear.
The quiet day hides the bigger picture. BTC closed at $81,344 on 10/28, so it's down roughly 9.6% since then. Look at the daily highs since 11/5: $80,918, $76,416, $76,250, $76,200, $75,599, $75,442, $74,811. Every single day has topped below the one before. The low so far is $72,727 from 11/10.
My read: this is a slow bleed, not a capitulation. Volatility is shrinking while price grinds lower, and that usually resolves with a bigger move. BTC is falling less than ETH and SOL today, so money isn't fleeing crypto in a panic, it's just not willing to pay up. I'm not adding here. The $72.7K low is my line: a daily close under it and I expect another leg down. For me to turn constructive, BTC needs to break this staircase and reclaim about $76.4K, the 11/6 high, where it got rejected repeatedly.
This is exactly where I'd rather write down a plan than react to every candle. OWL AI is a decentralized portfolio strategy platform covering US stocks, ETFs, crypto and commodities, with strategy vaults already deployed on multiple EVM networks, and Robinhood Chain and Arc currently being deployed. A creator can turn a BTC view like this into a public on-chain strategy where holdings and rebalances are inspectable, and you can Follow / Star / Subscribe to the ones you trust. As of 10/31: TVL 7,528,536 USDC and 4,620 holding addresses.
#BTC #Bitcoin #CryptoMarket
