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Our Princess Jeremiah wasn’t sitting there with a calculator working out the returns for nothing! 😁

Just yesterday, she was anxiously watching Bitcoin’s red candles, and today she’s already cautiously eyeing the first signs of a recovery.

Could the market be getting ready to turn around?

📊 November 4–5: Billions in liquidations and a sharp shift in sentiment

The cryptocurrency market has been through two tense days.

According to the published 24-hour snapshots:

- November 4: short position liquidations totaled around $555 million, and long position liquidations came to $360 million.

- November 5: long position liquidations totaled around $925 million, and short position liquidations came to $110 million.

These snapshots may cover overlapping periods, but the scale of the market swings is clear.

Behind these figures are real market participants. We all know how unpredictable trading can be. Even a carefully calculated strategy can sometimes run into a move nobody expected.

So today, it’s far more interesting to understand what the market might do next than to look for winners and losers.

📈 Is Bitcoin forming a bottom?

After such massive liquidations, the market has reached an interesting technical point.

The $75 000–76 000 zone could turn out to be an area where a local bottom forms.

If buyers manage to hold these levels, the conditions for a recovery will be in place.

But don’t lose sight of the $72 000–73 000 zone either. If selling pressure picks up again, this could be the next area where support is sought.

A renewed drop to these levels doesn’t necessarily mean a definitive shift to a deep bearish scenario. It will be important to watch how buyers respond and how the price moves.

📊 Our key levels

🔴 $72 000–73 000 — an alternative zone where a bottom could form.

🟠 $75 000–76 000 — the nearest key support.

🟡 $81 000–82 000 — the first threshold to confirm a recovery.

🟢 $85 000 — the next important target.

🚀 $90 000 — a potential target if the upward move continues.

So, we see two possible scenarios: a recovery from the current support zone, or a further drop to $72 000–73 000 followed by an attempt to reverse.

So far, none of them can be considered confirmed.

👑 Princess Jeremiah’s mood is changing

It seems the lace handkerchief can be put aside for a while, while keeping the calculator close at hand.

After all, our princess knows very well: in the market, it’s important not only to spot a drop in time, but also not to miss the moment when the situation starts to change.

And perhaps very soon, instead of yet another gloomy calculation, she’ll be counting very different numbers. 💰

🔮 What’s next?

We’re continuing to watch Bitcoin and see a recovery to $90 000 as one possible scenario.

At the same time, we’re keeping an eye on the $72 000–73 000 zone: the market may still put buyers to the test.

If the reversal is confirmed, November could have plenty of interesting things in store.

👑 This isn’t Princess Jeremiah crying. She’s just calculated the returns!

What do you think: has Bitcoin already bottomed at $75 000, or will we first see $72 000–73 000?

#Bitcoin #BTC #Cryptocurrency #MarketReversal #PrincessJeremiah