📊 BTC is undergoing a deep correction: from $81,196 down to $73,342. A detailed look at the current situation
🔴 Live monitoring (23:50 Beijing time)
Sources: fapi.binance.com + data-api.binance.vision
- Spot price: $73,342.73 (down 2.82% in 24h)
- Futures price: $73,300.00 (down 2.89% in 24h)
- 24h high: $75,565.86
- 24h low: $72,866.00
- 24h trading volume: 1.047 billion USDT (heavy-volume decline)
【Daily candlestick trend】(last 7 candles)
• 11-04 O:$77,453 H:$81,196 L:$75,736 C:$80,504 (rise on heavy volume)
• 11-05 O:$80,504 H:$80,918 L:$75,208 C:$76,088 (sharp drop of 5.3%)
• 11-06 O:$76,088 H:$76,416 L:$74,888 C:$75,844 (consolidation on very low volume)
• 11-07 O:$75,844 H:$76,250 L:$75,571 C:$75,868 (stabilizing)
• 11-08 O:$75,868 H:$76,200 L:$73,510 C:$74,851 (heavy-volume decline)
• 11-09 O:$74,851 H:$75,599 L:$73,750 C:$75,368 (weak resistance from small buyers)
• 11-10 O:$75,368 H:$75,442 L:$72,866 C:$73,150 (steady decline on heavy volume)
Six consecutive days of declines, totaling as much as 7.8%, with prices retreating from the high of $81,196 to the $73,342 range.
【Trading suggestions】
① Strict flat-position criteria: As long as $72,800 holds, stay flat and wait on the sidelines in the short term.
② Rebound confirmation signal: Wait for an hourly candle to close bullish on increased volume above $74,500.
③ Bearish strategy: Look to sell short on a rebound toward the $73,500–$74,000 area.
④ Support breakdown: If $72,800 breaks, exit with a stop-loss or reverse into a short position.
⚠️ Current trend: The MACD has a bearish crossover, all moving averages are in bearish alignment (EMA5<EMA10<EMA20<EMA60), and the downtrend channel is widening. This means any rebound may be temporary noise; the trend matters most.
#BTC #Bitcoin #MarketAnalysis #ShortSellingStrategy #SupportLevel #BTC下跌
🔴 Live monitoring (23:50 Beijing time)
Sources: fapi.binance.com + data-api.binance.vision
- Spot price: $73,342.73 (down 2.82% in 24h)
- Futures price: $73,300.00 (down 2.89% in 24h)
- 24h high: $75,565.86
- 24h low: $72,866.00
- 24h trading volume: 1.047 billion USDT (heavy-volume decline)
【Daily candlestick trend】(last 7 candles)
• 11-04 O:$77,453 H:$81,196 L:$75,736 C:$80,504 (rise on heavy volume)
• 11-05 O:$80,504 H:$80,918 L:$75,208 C:$76,088 (sharp drop of 5.3%)
• 11-06 O:$76,088 H:$76,416 L:$74,888 C:$75,844 (consolidation on very low volume)
• 11-07 O:$75,844 H:$76,250 L:$75,571 C:$75,868 (stabilizing)
• 11-08 O:$75,868 H:$76,200 L:$73,510 C:$74,851 (heavy-volume decline)
• 11-09 O:$74,851 H:$75,599 L:$73,750 C:$75,368 (weak resistance from small buyers)
• 11-10 O:$75,368 H:$75,442 L:$72,866 C:$73,150 (steady decline on heavy volume)
Six consecutive days of declines, totaling as much as 7.8%, with prices retreating from the high of $81,196 to the $73,342 range.
【Trading suggestions】
① Strict flat-position criteria: As long as $72,800 holds, stay flat and wait on the sidelines in the short term.
② Rebound confirmation signal: Wait for an hourly candle to close bullish on increased volume above $74,500.
③ Bearish strategy: Look to sell short on a rebound toward the $73,500–$74,000 area.
④ Support breakdown: If $72,800 breaks, exit with a stop-loss or reverse into a short position.
⚠️ Current trend: The MACD has a bearish crossover, all moving averages are in bearish alignment (EMA5<EMA10<EMA20<EMA60), and the downtrend channel is widening. This means any rebound may be temporary noise; the trend matters most.
#BTC #Bitcoin #MarketAnalysis #ShortSellingStrategy #SupportLevel #BTC下跌