$BTC at 76,012 after the Nov 5 flush. Weekend 4H base or just more chop? 👇
• Trend: still under the 4H EMA50 (~77,910) and EMA200 (~79,190). Since the dump, bounce highs keep stepping down (77,006 > 76,416 > 76,378 > 76,208)
• Support: 74,888-75,210 first — Nov 6 low and Nov 5 low. That’s the floor holding this weekend
• Resistance: 76,200-76,400 is the lid right now. Above that EMA50 ~77,910, then 79,190 (EMA200) and the Nov 4 spike zone near 81,200
• RSI ~39, soft but not washed out. No real push yet on thin weekend volume
• Bullish case: a 4H close above 76,400 puts EMA50 and 77,900 back in play
• Bearish case: losing 74,888 opens a thin stretch under the Nov lows
Conclusion: sellers still own the tape until BTC reclaims 76,400. I’d rather wait for that close than invent a bottom in Saturday chop.
Not financial advice.
#bitcoin #BTC #TechnicalAnalysis #CryptoMarket #Binance
• Trend: still under the 4H EMA50 (~77,910) and EMA200 (~79,190). Since the dump, bounce highs keep stepping down (77,006 > 76,416 > 76,378 > 76,208)
• Support: 74,888-75,210 first — Nov 6 low and Nov 5 low. That’s the floor holding this weekend
• Resistance: 76,200-76,400 is the lid right now. Above that EMA50 ~77,910, then 79,190 (EMA200) and the Nov 4 spike zone near 81,200
• RSI ~39, soft but not washed out. No real push yet on thin weekend volume
• Bullish case: a 4H close above 76,400 puts EMA50 and 77,900 back in play
• Bearish case: losing 74,888 opens a thin stretch under the Nov lows
Conclusion: sellers still own the tape until BTC reclaims 76,400. I’d rather wait for that close than invent a bottom in Saturday chop.
Not financial advice.
#bitcoin #BTC #TechnicalAnalysis #CryptoMarket #Binance
