【BTC fell below 77k intraday: 77k isn't the bottom; 76k is the watershed】
On November 3, BTC fell below 77,000 intraday, then recovered to 77,285.
Three figures:
· 7 days: -4.35%
· 30 days: -10.66%
· GRSI: 76.8 (high)
The options max pain point moved down from 79,000 to 78,000, with 13,258 BTC in open interest.
The market is lowering its expectations.
My view:
77k is just a psychological level; 76k is the invalidation level.
My main scenario is still BTC reaching 79,000 before November 13 (58%);
but if it falls below 76,000 first, this call is immediately invalidated.
Three things to watch next:
Can 76k hold? ｜ 200-day moving average: 73,157 ｜ Can stablecoins stop falling?
77k isn't the bottom; 76k is the watershed.
$BTC #BTC #风险监测 #lamboDaddy
Not investment advice
On November 3, BTC fell below 77,000 intraday, then recovered to 77,285.
Three figures:
· 7 days: -4.35%
· 30 days: -10.66%
· GRSI: 76.8 (high)
The options max pain point moved down from 79,000 to 78,000, with 13,258 BTC in open interest.
The market is lowering its expectations.
My view:
77k is just a psychological level; 76k is the invalidation level.
My main scenario is still BTC reaching 79,000 before November 13 (58%);
but if it falls below 76,000 first, this call is immediately invalidated.
Three things to watch next:
Can 76k hold? ｜ 200-day moving average: 73,157 ｜ Can stablecoins stop falling?
77k isn't the bottom; 76k is the watershed.
$BTC #BTC #风险监测 #lamboDaddy
Not investment advice
