November 4 $BTC: Hawkish remarks from Fed officials have dampened rate-cut expectations, while a stronger dollar continues to weigh on risk assets; spot Bitcoin ETFs have seen net outflows for several consecutive days, with institutional funds continuing to exit.
【Today's Strategy】
Entry range: Sell on a rebound to 77800–78300
Stop-loss: Above 78800
Take-profit:
Target: 77000–76200
【Core Rationale】
A continuation-pattern resistance zone on the 60-minute chart, with concentrated overhead selling pressure from trapped holders. The rebound lacks volume support, making a pullback under pressure highly likely. Market expectations for a December rate hike remain above 73%. Interest rate futures pricing still leaves room for another hike this year, and expectations of a prolonged high-interest-rate environment continue to strengthen, directly weighing on risk-asset valuations.#BTC #Binance's hourly deposit volume has exceeded its withdrawal volume
【Today's Strategy】
Entry range: Sell on a rebound to 77800–78300
Stop-loss: Above 78800
Take-profit:
Target: 77000–76200
【Core Rationale】
A continuation-pattern resistance zone on the 60-minute chart, with concentrated overhead selling pressure from trapped holders. The rebound lacks volume support, making a pullback under pressure highly likely. Market expectations for a December rate hike remain above 73%. Interest rate futures pricing still leaves room for another hike this year, and expectations of a prolonged high-interest-rate environment continue to strengthen, directly weighing on risk-asset valuations.#BTC #Binance's hourly deposit volume has exceeded its withdrawal volume
