$BTC Hexagram 6, Song (Conflict): Heaven above, Water below. Heaven and water pull in opposite directions—and the weekly close is in: 74,818.9, confirming a break below 77,500 (about −3.46% lower). Price plunged to 73,420 intraday, then flashed around 73,510 again this morning. Don’t mistake a bounce for a trend reversal. The Song hexagram says to first distinguish the two sides, then act.
BTC is currently around 74,957. The new weekly structure low is still 73,420. U.S. spot BTC ETFs: the latest complete, verifiable data is still for Nov 6, with about $411.9 million in net outflows (IBIT alone about −$403.0 million; unofficial/Farside figures). The complete figure for Nov 5 was about $430.2 million in net outflows. The U.S. session hasn’t closed yet on Monday, so there are no new complete figures for 11-07/08/09—don’t pass old data off as news. I’m leaning toward waiting for a rebound into 76.2–76.7k to scale into shorts; I wouldn’t chase a short at the current price below yesterday’s low. The weekly bearish framework is confirmed; treat a rebound as a selling zone.
I’m leaning toward scaling into shorts on a rebound:
Entry: 76,160 / 76,390 / 76,669 (scale in only if price reaches the zone; no touch, no trade)
Stop loss: 78,800 (with extra buffer beyond the weekly EMA50)
Take profit 1: 74,819
Take profit 2: 73,420
Take profit 3: 72,000
At the first take-profit, close half and move the stop to breakeven. If the daily candle closes above 78,800, the plan is invalidated. The next key point to watch is the weekly close on Nov 16.
Conflict calls for discernment first: do you think BTC will first return to 76.2–76.7k and give you a short entry, or test 73.4k again first?
Follow me—I’ll keep you updated as things unfold. Personal opinion, not investment advice.
BTC is currently around 74,957. The new weekly structure low is still 73,420. U.S. spot BTC ETFs: the latest complete, verifiable data is still for Nov 6, with about $411.9 million in net outflows (IBIT alone about −$403.0 million; unofficial/Farside figures). The complete figure for Nov 5 was about $430.2 million in net outflows. The U.S. session hasn’t closed yet on Monday, so there are no new complete figures for 11-07/08/09—don’t pass old data off as news. I’m leaning toward waiting for a rebound into 76.2–76.7k to scale into shorts; I wouldn’t chase a short at the current price below yesterday’s low. The weekly bearish framework is confirmed; treat a rebound as a selling zone.
I’m leaning toward scaling into shorts on a rebound:
Entry: 76,160 / 76,390 / 76,669 (scale in only if price reaches the zone; no touch, no trade)
Stop loss: 78,800 (with extra buffer beyond the weekly EMA50)
Take profit 1: 74,819
Take profit 2: 73,420
Take profit 3: 72,000
At the first take-profit, close half and move the stop to breakeven. If the daily candle closes above 78,800, the plan is invalidated. The next key point to watch is the weekly close on Nov 16.
Conflict calls for discernment first: do you think BTC will first return to 76.2–76.7k and give you a short entry, or test 73.4k again first?
Follow me—I’ll keep you updated as things unfold. Personal opinion, not investment advice.
