Yesterday's call played out: Yesterday, I said that a break below 76,326 would favor continued bearish momentum; today's intraday low was 75,736, indeed breaking below 76,326, but the price then recovered to around 78,436. The high of 78,718 broke above the first resistance at 78,234, but failed to reclaim 79,300—the bearish move took one step forward, then was reversed, and price didn't reach 74,900.
《Key Levels Diary · Issue 7》
U.S. spot BTC ETFs saw net outflows of $115.6 million on November 3, sharply narrowing from $399 million on November 2 and $643 million on October 30. Yet BTC first broke below 76,326 today, testing 75,736, before recovering to around 78,436—is selling pressure peaking, or will the rebound stall at resistance?
• Data highlights: U.S. spot BTC ETFs saw net outflows of $115.6 million on November 3, marking the third consecutive trading day of outflows, with a total of about $1.16 billion over the three days. However, daily outflows narrowed considerably, from $643 million → $399 million → $115.6 million. ETH ETFs saw outflows of $85.35 million on the same day (per SoSoValue; reported by Cointelegraph / TradingView on November 4)
• Current price and market action: BTC around 78,436, intraday high 78,718 / low 75,736, opening price 77,638, up about 1.03%; first broke below 76,326, then recovered
• Key levels today: Resistance 78,718 → 79,300; support 75,736 → 74,900
• Personal view (conditional): Still bearish, but momentum is weakening further; only a daily close back above 79,300 would signal a pause in the bearish outlook
• Invalidation level: A daily close above 79,300 would pause the bearish outlook; a break below 75,736 would favor continued bearish momentum, with 74,900 as the next downside target
• ETH correlation: ETH around 2,322, intraday high 2,339 / low 2,226, up about 1.12%. It also tested lower first before recovering; like BTC, it awaits confirmation of direction around 79,300
《Key Levels Diary》 reviews yesterday's call each evening. Follow for updates.
Personal views only; not investment advice. Leverage carries liquidation risk. Make your own decisions. $BTC
$ETH
#Bitcoin #Ethereum #比特币ETF流出放缓 Will price hit 79,300 first tonight, or test 75,736 first?
《Key Levels Diary · Issue 7》
U.S. spot BTC ETFs saw net outflows of $115.6 million on November 3, sharply narrowing from $399 million on November 2 and $643 million on October 30. Yet BTC first broke below 76,326 today, testing 75,736, before recovering to around 78,436—is selling pressure peaking, or will the rebound stall at resistance?
• Data highlights: U.S. spot BTC ETFs saw net outflows of $115.6 million on November 3, marking the third consecutive trading day of outflows, with a total of about $1.16 billion over the three days. However, daily outflows narrowed considerably, from $643 million → $399 million → $115.6 million. ETH ETFs saw outflows of $85.35 million on the same day (per SoSoValue; reported by Cointelegraph / TradingView on November 4)
• Current price and market action: BTC around 78,436, intraday high 78,718 / low 75,736, opening price 77,638, up about 1.03%; first broke below 76,326, then recovered
• Key levels today: Resistance 78,718 → 79,300; support 75,736 → 74,900
• Personal view (conditional): Still bearish, but momentum is weakening further; only a daily close back above 79,300 would signal a pause in the bearish outlook
• Invalidation level: A daily close above 79,300 would pause the bearish outlook; a break below 75,736 would favor continued bearish momentum, with 74,900 as the next downside target
• ETH correlation: ETH around 2,322, intraday high 2,339 / low 2,226, up about 1.12%. It also tested lower first before recovering; like BTC, it awaits confirmation of direction around 79,300
《Key Levels Diary》 reviews yesterday's call each evening. Follow for updates.
Personal views only; not investment advice. Leverage carries liquidation risk. Make your own decisions. $BTC
$ETH
#Bitcoin #Ethereum #比特币ETF流出放缓 Will price hit 79,300 first tonight, or test 75,736 first?
先碰 79,300
先探 75,736
17 hr(s) left