$BTC rejected at 80K and is back near 76K 📉
Old support is now acting as resistance. Today’s move is a good reminder that reclaiming a level is not the same as confirming it.
Flows add context 📊 Spot ETFs printed a $74.6M inflow on Nov 4, ending a 3-day outflow streak, but roughly $1.16B left the funds before that. Goldman also pushed back its Fed cut timing.
Scenarios to watch:
76K holds and flows turn positive: range building
76K breaks with red flows: the bounce was a squeeze, not demand
No prediction, just levels and confirmation.
Verify first. Risk later. Scale slowly...
#BTC #Bitcoin
Old support is now acting as resistance. Today’s move is a good reminder that reclaiming a level is not the same as confirming it.
Flows add context 📊 Spot ETFs printed a $74.6M inflow on Nov 4, ending a 3-day outflow streak, but roughly $1.16B left the funds before that. Goldman also pushed back its Fed cut timing.
Scenarios to watch:
76K holds and flows turn positive: range building
76K breaks with red flows: the bounce was a squeeze, not demand
No prediction, just levels and confirmation.
Verify first. Risk later. Scale slowly...
#BTC #Bitcoin
