Bafang | BTC Midday Market Analysis 11.06
Data as of: Beijing time 11.06 15:44
The Asian session held 75,200, but that was all it did. Nobody pushed it higher.
⏳ How the day played out
Opened at 76,087 at 8:00, climbed to 76,427 in the morning, then pulled back
Afternoon low was 75,300; it hovered near the overnight low before bouncing
Current price: $BTC 75,749, 24h -5.8%
A 1,100-point range, but no clear direction. Price has been hovering around the lower Bollinger Band
💰 What the money is doing
The long/short account ratio was about 2.91 this morning and is now 2.98; dip buyers haven't left yet
Funding rate: 0.0034%, neither hot nor cold
The overnight liquidation peak has passed, and liquidation volume during these four Asian-session hours has fallen sharply
Fear and Greed is still at 28, just as cold as this morning
A few ugly numbers
The daily MACD histogram widened from -502 this morning to -657
Daily RSI is 37.8, and 4-hour RSI is 35.9, weaker than this morning
Price is hugging the lower Bollinger Band at 75,058, with the daily EMA200 below at 74,666
$ETH 2,234, 24h -7.55%, has already fallen below the daily EMA200 (2,246). The MACD histogram is still +7, making it a bit more resilient than BTC
$SOL 89.7, daily RSI 27.9, hugging the lower Bollinger Band at 88.1 and MA200 at 89. Of the three, it is still the most oversold
🎯 Key levels
Resistance: 76,000 / 76,427 (Asian-session high) / 77,000 / 79,751 (middle Bollinger Band)
Support: 75,300 (Asian-session low) / 75,200 (overnight low) / 75,058 (lower Bollinger Band) / 74,666 (daily EMA200) / 73,242 (daily MA200)
Outlook: Short-term bias remains bearish. The Asian session didn't break below 75,200, and selling pressure is lighter than overnight. But for a genuine bullish reversal, price needs to reclaim 76,427 first, then we can look at 77,000.
Bafang's view: I stayed on the sidelines during the day. The 75,200–75,300 area is holding for now. With the long/short ratio this high and MACD still expanding, I'm not chasing a bounce. If 75,058 breaks, watch out for 74,666 below.
What worries you more tonight: a break below 75,000, or are you hoping to see 76,400 reclaimed first?
(Personal opinion only; not investment advice)
#BTC #行情分析 #Cryptocurrency
Data as of: Beijing time 11.06 15:44
The Asian session held 75,200, but that was all it did. Nobody pushed it higher.
⏳ How the day played out
Opened at 76,087 at 8:00, climbed to 76,427 in the morning, then pulled back
Afternoon low was 75,300; it hovered near the overnight low before bouncing
Current price: $BTC 75,749, 24h -5.8%
A 1,100-point range, but no clear direction. Price has been hovering around the lower Bollinger Band
💰 What the money is doing
The long/short account ratio was about 2.91 this morning and is now 2.98; dip buyers haven't left yet
Funding rate: 0.0034%, neither hot nor cold
The overnight liquidation peak has passed, and liquidation volume during these four Asian-session hours has fallen sharply
Fear and Greed is still at 28, just as cold as this morning
A few ugly numbers
The daily MACD histogram widened from -502 this morning to -657
Daily RSI is 37.8, and 4-hour RSI is 35.9, weaker than this morning
Price is hugging the lower Bollinger Band at 75,058, with the daily EMA200 below at 74,666
$ETH 2,234, 24h -7.55%, has already fallen below the daily EMA200 (2,246). The MACD histogram is still +7, making it a bit more resilient than BTC
$SOL 89.7, daily RSI 27.9, hugging the lower Bollinger Band at 88.1 and MA200 at 89. Of the three, it is still the most oversold
🎯 Key levels
Resistance: 76,000 / 76,427 (Asian-session high) / 77,000 / 79,751 (middle Bollinger Band)
Support: 75,300 (Asian-session low) / 75,200 (overnight low) / 75,058 (lower Bollinger Band) / 74,666 (daily EMA200) / 73,242 (daily MA200)
Outlook: Short-term bias remains bearish. The Asian session didn't break below 75,200, and selling pressure is lighter than overnight. But for a genuine bullish reversal, price needs to reclaim 76,427 first, then we can look at 77,000.
Bafang's view: I stayed on the sidelines during the day. The 75,200–75,300 area is holding for now. With the long/short ratio this high and MACD still expanding, I'm not chasing a bounce. If 75,058 breaks, watch out for 74,666 below.
What worries you more tonight: a break below 75,000, or are you hoping to see 76,400 reclaimed first?
(Personal opinion only; not investment advice)
#BTC #行情分析 #Cryptocurrency