Bafang | BTC Evening Market Analysis 11.07
Data as of: Beijing time 11.07 20:35
It’s Saturday night, and the U.S. stock market is closed. $BTC is now at 75,975, down 0.26% over 24h. It surged to 76,251 at 17:00 this afternoon but couldn’t hold there. Tonight it’s back to moving sideways around 75,930–76,000.
🇺🇸 First, U.S. stocks
Friday’s close: Nasdaq +1.09%, S&P 500 +0.31%, Dow -0.46%
October nonfarm payrolls rose by 165,000, far above expectations; unemployment fell to 4.1%
Chip stocks bounced strongly, but Bitcoin didn’t follow. It’s still slightly down over 24h
There are no U.S. stocks to follow over the weekend, so crypto is moving on its own, with relatively thin liquidity
💰 Sentiment
The long/short account ratio is around 2.9, slightly down from 3.0 earlier; longs are still crowded
Funding rate is about 0.004%; leverage hasn’t heated up
Fear and Greed Index: 25, extreme fear
On the indicators
Daily RSI is 37.8; 4-hour RSI is 40.0
Daily MACD histogram is -557; bears haven’t let up
The Bollinger midline at 79,449 and EMA50 at 79,671 are both still overhead
$ETH 2,244, essentially flat over 24h, still hovering around the daily EMA200 (2,249)
$SOL 89.95, back below 90; daily RSI is 29.0, with the lower Bollinger Band at 87.09 next down
🎯 Key levels
Resistance: 76,251 (afternoon high) / 76,294 (24h high) / 77,000
Support: 75,929 (evening low) / 75,395 (today’s Asia-session low) / 74,888 (24h low) / 74,627 (lower Bollinger Band)
Outlook: Choppy overnight, with a slight bearish bias. With no U.S. stocks setting the pace, weekend liquidity is prone to wicks. Treat a break above 76,300 or below 74,900 as a possible false move for now.
Bafang’s view: I’m not adding to my position tonight. Signals aren’t worth much in such a thin weekend market. I’ll wait for U.S. markets to open on Monday and see whether the Nasdaq can keep bouncing and whether Bitcoin follows.
Do you think we’ll break 76,300 first this weekend, or retest 75,400?
(Personal opinion, not investment advice)
#BTC #美股 #MarketAnalysis
Data as of: Beijing time 11.07 20:35
It’s Saturday night, and the U.S. stock market is closed. $BTC is now at 75,975, down 0.26% over 24h. It surged to 76,251 at 17:00 this afternoon but couldn’t hold there. Tonight it’s back to moving sideways around 75,930–76,000.
🇺🇸 First, U.S. stocks
Friday’s close: Nasdaq +1.09%, S&P 500 +0.31%, Dow -0.46%
October nonfarm payrolls rose by 165,000, far above expectations; unemployment fell to 4.1%
Chip stocks bounced strongly, but Bitcoin didn’t follow. It’s still slightly down over 24h
There are no U.S. stocks to follow over the weekend, so crypto is moving on its own, with relatively thin liquidity
💰 Sentiment
The long/short account ratio is around 2.9, slightly down from 3.0 earlier; longs are still crowded
Funding rate is about 0.004%; leverage hasn’t heated up
Fear and Greed Index: 25, extreme fear
On the indicators
Daily RSI is 37.8; 4-hour RSI is 40.0
Daily MACD histogram is -557; bears haven’t let up
The Bollinger midline at 79,449 and EMA50 at 79,671 are both still overhead
$ETH 2,244, essentially flat over 24h, still hovering around the daily EMA200 (2,249)
$SOL 89.95, back below 90; daily RSI is 29.0, with the lower Bollinger Band at 87.09 next down
🎯 Key levels
Resistance: 76,251 (afternoon high) / 76,294 (24h high) / 77,000
Support: 75,929 (evening low) / 75,395 (today’s Asia-session low) / 74,888 (24h low) / 74,627 (lower Bollinger Band)
Outlook: Choppy overnight, with a slight bearish bias. With no U.S. stocks setting the pace, weekend liquidity is prone to wicks. Treat a break above 76,300 or below 74,900 as a possible false move for now.
Bafang’s view: I’m not adding to my position tonight. Signals aren’t worth much in such a thin weekend market. I’ll wait for U.S. markets to open on Monday and see whether the Nasdaq can keep bouncing and whether Bitcoin follows.
Do you think we’ll break 76,300 first this weekend, or retest 75,400?
(Personal opinion, not investment advice)
#BTC #美股 #MarketAnalysis