Tonight the market is still red, bro — but the hot spot is NFP in 30 minutes. $BTC 76.053 dollars (-4.56%/24h), $ETH 2.239 dollars (-6.49%), both are below EMA20/50, 1H RSI is 38.8 and 36.3 respectively, weakening but not yet oversold.
Market breadth is down to just 121/716 green pairs (16.9%) — deeply red. Rare bright spots: CYBER +51.2% is still flying after this morning’s post, ONE +33.7%, ZEC is holding up well at +0.83% with $303.5 million in volume, PEPE +3.67% vol $68.2 million. On the other side, the low-cap group is dumping hard: NFP -65.9%, VIC -43%, VANRY -37.1%.
BTC is testing support at 75,208 (24h low), with the election low of 75,736 just above it. Nearby resistance: EMA20 76,411, EMA50 77,358, and further out the 5-day high at 81,196. BTC 24h volume is $2.04 billion — selling pressure is still real.
Macro — US NFP comes out at 8:30 PM tonight: expectations are +65K jobs (September was only +29K), unemployment stays at 4.2%, wages +0.3%/month. ADP on 11/4 already beat expectations (86K vs 67K), so there is a chance the data comes in stronger than forecast. Weaker-than-expected jobs → lower expectations for a December rate hike → supports crypto; conversely, strong data → the Fed stays hawkish → selling pressure continues.
2 scenarios for the next 18 hours (the forecast is only an illustrative scenario):
• Upside: hold 75,208 → rebound to test EMA20 76,411, and if that breaks, move to 77,358-78,000.
• Pullback: lose 75,208 → slide to 75,000-74,000.
Bro holding positions should be careful tonight around the data release time — manage risk tightly.
Data analysis, not investment advice.
#Bitcoin #Crypto #BinanceSquare
Market breadth is down to just 121/716 green pairs (16.9%) — deeply red. Rare bright spots: CYBER +51.2% is still flying after this morning’s post, ONE +33.7%, ZEC is holding up well at +0.83% with $303.5 million in volume, PEPE +3.67% vol $68.2 million. On the other side, the low-cap group is dumping hard: NFP -65.9%, VIC -43%, VANRY -37.1%.
BTC is testing support at 75,208 (24h low), with the election low of 75,736 just above it. Nearby resistance: EMA20 76,411, EMA50 77,358, and further out the 5-day high at 81,196. BTC 24h volume is $2.04 billion — selling pressure is still real.
Macro — US NFP comes out at 8:30 PM tonight: expectations are +65K jobs (September was only +29K), unemployment stays at 4.2%, wages +0.3%/month. ADP on 11/4 already beat expectations (86K vs 67K), so there is a chance the data comes in stronger than forecast. Weaker-than-expected jobs → lower expectations for a December rate hike → supports crypto; conversely, strong data → the Fed stays hawkish → selling pressure continues.
2 scenarios for the next 18 hours (the forecast is only an illustrative scenario):
• Upside: hold 75,208 → rebound to test EMA20 76,411, and if that breaks, move to 77,358-78,000.
• Pullback: lose 75,208 → slide to 75,000-74,000.
Bro holding positions should be careful tonight around the data release time — manage risk tightly.
Data analysis, not investment advice.
#Bitcoin #Crypto #BinanceSquare
