$BTC Hexagram Xu (Waiting), Water over Heaven. Clouds gather in the sky, but the rain has yet to fall—daily closes have stayed below 77,500 for three straight days, and the weekly close is due at 8 a.m. tomorrow. Don’t mistake an intraday spike back up for a trend reversal.
BTC is currently around 75,765, hovering near the daily EMA200. Yesterday’s low was 75,544; this week’s low remains 74,813. U.S. spot BTC ETFs: the full figures for November 6 show net outflows of about $411.9 million (IBIT alone about −$403.0 million; verifiable against public data, not the official/Farside figures). November 5 showed full net outflows of about $430.2 million—two consecutive days of outflows in the $400 million range. Matching figures ≠ funds have already turned around. I’d rather wait to short in stages on a rebound to 77.1–78.0k; I wouldn’t chase a short at the current price near the EMA200 or below yesterday’s low.
I’d rather wait to short in stages on a retest:
Entry: 77,131 / 77,500 / 78,003 (scale in at these levels; no touch, no trade)
Stop loss: 79,500 (with extra buffer beyond the daily EMA20)
Take profit 1: 75,842
Take profit 2: 74,813
Take profit 3: 74,000
Close half the position at the first take-profit level, then move the stop loss to breakeven. If the daily candle closes above 79,500, the plan is invalidated. The next key point to watch is whether the November 9 weekly close can hold above 77,500.
The hexagram calls for patience. Do you think BTC will first bounce back to 77.1–78.0k, giving you a short entry, or probe 74.8k again first?
Follow me—I’ll keep you updated as things unfold. Personal opinion, not investment advice.
BTC is currently around 75,765, hovering near the daily EMA200. Yesterday’s low was 75,544; this week’s low remains 74,813. U.S. spot BTC ETFs: the full figures for November 6 show net outflows of about $411.9 million (IBIT alone about −$403.0 million; verifiable against public data, not the official/Farside figures). November 5 showed full net outflows of about $430.2 million—two consecutive days of outflows in the $400 million range. Matching figures ≠ funds have already turned around. I’d rather wait to short in stages on a rebound to 77.1–78.0k; I wouldn’t chase a short at the current price near the EMA200 or below yesterday’s low.
I’d rather wait to short in stages on a retest:
Entry: 77,131 / 77,500 / 78,003 (scale in at these levels; no touch, no trade)
Stop loss: 79,500 (with extra buffer beyond the daily EMA20)
Take profit 1: 75,842
Take profit 2: 74,813
Take profit 3: 74,000
Close half the position at the first take-profit level, then move the stop loss to breakeven. If the daily candle closes above 79,500, the plan is invalidated. The next key point to watch is whether the November 9 weekly close can hold above 77,500.
The hexagram calls for patience. Do you think BTC will first bounce back to 77.1–78.0k, giving you a short entry, or probe 74.8k again first?
Follow me—I’ll keep you updated as things unfold. Personal opinion, not investment advice.
