#BTC Weekly Report (Week 2 of November) My thoughts:
On the weekly timeframe, the decline from 87385 is just a pullback, not a market top. The price has already fallen by $14,000 and closed lower for five consecutive weeks. Once the pullback ends, it should rise again, with a target above 90000. Weekly support at 73000–69000 is also getting close. This is my long-term buy zone, and I’ll go long if price reaches it.
On the daily timeframe, price fell by $7,000 after testing the resistance level I marked on Monday ✅. Liquidity at the low of 74909 has been swept, so a reversal may form here. Even if it doesn’t, there’s still support at 73000–69000 below.
On the 4-hour timeframe, Monday’s drop during the Asian session was actually a good thing, as it leaves more time and room for a rise. The key level to watch today is 77000. The bulls need to break above it to establish a foothold and start a rebound; otherwise, price will have to keep searching for a bottom. Either way, my approach this week is to buy dips.
Comment: With consecutive bearish candles and key support nearby, manage your position size until there’s confirmation—don’t rush to buy the dip.
#Crypto
On the weekly timeframe, the decline from 87385 is just a pullback, not a market top. The price has already fallen by $14,000 and closed lower for five consecutive weeks. Once the pullback ends, it should rise again, with a target above 90000. Weekly support at 73000–69000 is also getting close. This is my long-term buy zone, and I’ll go long if price reaches it.
On the daily timeframe, price fell by $7,000 after testing the resistance level I marked on Monday ✅. Liquidity at the low of 74909 has been swept, so a reversal may form here. Even if it doesn’t, there’s still support at 73000–69000 below.
On the 4-hour timeframe, Monday’s drop during the Asian session was actually a good thing, as it leaves more time and room for a rise. The key level to watch today is 77000. The bulls need to break above it to establish a foothold and start a rebound; otherwise, price will have to keep searching for a bottom. Either way, my approach this week is to buy dips.
Comment: With consecutive bearish candles and key support nearby, manage your position size until there’s confirmation—don’t rush to buy the dip.
#Crypto
