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In the current cryptocurrency market analysis, we observe a significant bearish trend for Bitcoin (BTC). Using Binance charts and focusing on the 2-hour and 4-hour timeframes, we can outline an effective strategy to capitalize on this market scenario.
Technical Analysis
1. Current Price and EMAs:
- In the 2-hour timeframe, the current BTC price is $56,736.6.
- In the 4-hour timeframe, the current price is $56,716.0.
- The exponential moving averages (EMAs) of 7, 25, and 99 periods show a bearish alignment, indicating a possible continuation of the downward trend.
2. Momentum Indicators:
- RSI (Relative Strength Index): In both timeframes, the RSI is below 50, suggesting that bearish momentum is still strong.
- Stochastic RSI: Shows an oversold reading, which might anticipate a small rebound before continuing the decline.
- MACD (Moving Average Convergence Divergence): The MACD lines are below the signal line, reinforcing the bearish outlook.
3. Key Supports and Resistances:
- 4-hour Support: $48,547.7
- 4-hour Resistance: $64,212.0
- 2-hour Support: $47,401.5
- 2-hour Resistance: $72,617.2
Trading Strategy
To take advantage of the bearish trend in these timeframes, consider the following actions:
1. Entries:
- Make a short entry (sell) near the resistance level in the 2-hour timeframe ($72,617.2), expecting a correction towards the support levels.
- Alternatively, open short positions after additional technical indicator confirmations, such as a bearish crossover in the MACD or a drop in the RSI below 30.
2. Exits:
- Set take-profit levels around the 4-hour support ($48,547.7) and 2-hour support ($47,401.5), securing a gain if the price continues to drop.
- Use a tight stop loss above the resistance level in the 4-hour timeframe ($64,212.0) to limit potential losses in case of an unexpected trend reversal.
Conclusion
The bearish strategy for BTC in the 2-hour and 4-hour timeframes is based on detailed technical analysis indicating a continuation of the downward trend. By utilizing key tools and levels, traders can take advantage of this market movement for profit.
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Wednesday, November 11, 2026, morning Mexico time
Bitcoin is trading around $73,730, down between 0.2% and 0.4% in the session, and remains below $74,000. The 24-hour low is $72,691, the same level it touched after Tuesday’s inflation data, while the high is $74,843.82.
The market is still digesting the hotter-than-expected U.S. October CPI: headline inflation rose 0.4% month over month versus 0.3% expected, while core inflation rose 0.3% versus 0.2% expected. It was the third consecutive monthly reading to come in above expectations.

Tuesday, November 10, 2026
Bitcoin opened Tuesday trading around $74,366-$74,374, already below the $74,810.8 support level, the low recorded on November 6. Monday's close was $74,899.67, just $89 above that level. The recovery was short-lived, and the early morning erased it.
Asia is up, Bitcoin isn't
Asian markets opened in the green. The Nikkei rose **+5.27%** to 60,460; the Kospi, between **+4% and +5%**; Taiwan, **+2.6%**; the Hang Seng, **+0.4% to +0.7%**; and Shanghai, **+0.32% to +0.6%**.

Sunday, November 8, 2026
Bitcoin fell below $75,000 during the Asian session and touched nearly $74,500, below the November 6 low of $74,810.8. It then recovered some of its losses and returned to trading around $75,256.
There was no crypto market-specific catalyst. The move came amid risk aversion ahead of Nvidia’s opening, following an admission by its CEO, Jensen Huang, and an independent investigation by the board of directors. The move was compounded by a drone attack on the Khor Mor gas field in Iraq, which halted production.