Down to 76934 and longs are still paying funding fees—where’s the rebound retail traders are waiting for?
November opened with a red candle, and it pulled no punches.
BTC fell 1.86% to 76934, sliding steadily from 78436 to 76527 intraday. No rebound, just a slow bleed. ETH fell 1.56% to 2256, while BNB took an even bigger hit, down 2.06% to 697.67. The major coins are all flat on their backs.
The most ironic part? The funding rate is still positive at 0.01%. In plain English: prices are falling, but longs are still paying to hold on and wait for a reversal. That’s not conviction—it’s paying the exchange a membership fee.
What about volume? BTC’s 24-hour trading volume was 9.22 billion USDT, with the decline lacking much force. No panic selling, and no buyers stepping in either. Both sides are in a standoff, waiting for the other to blink first.
The toughest coin of the day was XRP, down just 0.04% and holding steady at 1.25. While everyone else takes a beating, it’s just watching the show—either it’s a safe haven for funds, or a candidate for a delayed drop. Pick whichever story you believe.
Midday outlook: bearish. BTC’s daily pivot is 77437, and price is pinned below it. Don’t talk about stabilizing unless it can reclaim 77437; stronger resistance sits above at 78207. First, watch the previous low at 76527 below. If that breaks, the next test is the daily buy level at 76021. ETH has the same script: 2236 is the first line of defense at the previous low; if it breaks, watch 2220.
Don’t rush to increase your position at midday. Let BTC show its hand first. If 76021 holds, short covering could spark a bounce; if it doesn’t, there’s nothing below to hide behind.
$BTC Daily sell level: $78207 Daily buy level: $76022
$ETH Daily sell level: $2301.57 Daily buy level: $2220.04
$BNB Daily sell level: $712.75 Daily buy level: $690.36
$BTC #BTC $ETH #ETH
November opened with a red candle, and it pulled no punches.
BTC fell 1.86% to 76934, sliding steadily from 78436 to 76527 intraday. No rebound, just a slow bleed. ETH fell 1.56% to 2256, while BNB took an even bigger hit, down 2.06% to 697.67. The major coins are all flat on their backs.
The most ironic part? The funding rate is still positive at 0.01%. In plain English: prices are falling, but longs are still paying to hold on and wait for a reversal. That’s not conviction—it’s paying the exchange a membership fee.
What about volume? BTC’s 24-hour trading volume was 9.22 billion USDT, with the decline lacking much force. No panic selling, and no buyers stepping in either. Both sides are in a standoff, waiting for the other to blink first.
The toughest coin of the day was XRP, down just 0.04% and holding steady at 1.25. While everyone else takes a beating, it’s just watching the show—either it’s a safe haven for funds, or a candidate for a delayed drop. Pick whichever story you believe.
Midday outlook: bearish. BTC’s daily pivot is 77437, and price is pinned below it. Don’t talk about stabilizing unless it can reclaim 77437; stronger resistance sits above at 78207. First, watch the previous low at 76527 below. If that breaks, the next test is the daily buy level at 76021. ETH has the same script: 2236 is the first line of defense at the previous low; if it breaks, watch 2220.
Don’t rush to increase your position at midday. Let BTC show its hand first. If 76021 holds, short covering could spark a bounce; if it doesn’t, there’s nothing below to hide behind.
$BTC Daily sell level: $78207 Daily buy level: $76022
$ETH Daily sell level: $2301.57 Daily buy level: $2220.04
$BNB Daily sell level: $712.75 Daily buy level: $690.36
$BTC #BTC $ETH #ETH