[BTC DAILY 11/11] Bitcoin ($BTC ) 73,736 USDT | Today: Stay on the sidelines, wait for confirmation
This morning, BTC is in an uncomfortable spot: the higher and lower timeframes are pulling in opposite directions, so I’m choosing to sit tight and watch.
1. WHAT’S THE MARKET DOING?
- D1 (daily timeframe): The trend is still up, but the short-term move is going the other way.
- H4 (4-hour timeframe): Moving down.
- View: Stay on the sidelines. The two timeframes are moving in opposite directions, so let price choose a direction before deciding what to do next.
2. WHY AM I BEING CAUTIOUS?
- The latest H4 high is at 84,875, and price still hasn’t broken above it (still +15.1% away).
- Price has broken below the latest H4 low at 79,732.
- Momentum is weak: D1 MACD is red, the bars are getting deeper, and ADX is 21—the trend lacks strength.
3. PRICE LEVELS TO WATCH
- Support: 72,691 (20-day low).
- Resistance: 74,329 - 75,548 (supply zone, H4 Order Block).
- Potential buy zone: 72,691, only if there’s a confirmation signal.
- Potential sell zone: 74,329 - 75,548, only if there’s a confirmation signal.
4. TWO SCENARIOS FOR TODAY
- Bullish: Price needs to hold the 72,691 zone and break above 75,548 to confirm upward momentum. If so, the next target is 82,595.
- Bearish: If price breaks below 72,691 and fails to reclaim this zone, the trend could weaken. The next target is 63,595.
5. WHEN WOULD I BE WRONG?
An H4 candle closing above 75,548 or below 72,691 would mean the market has chosen a direction. At that point, everything needs to be reassessed.
RISKS TO REMEMBER
- The average daily range is around 3.1% (D1 ATR), so price could easily sweep through the levels above before choosing a direction.
- An Order Block is only an area to watch; it may not hold. Macro news can trigger sharp price moves and slippage.
Price at the time of writing: 73,736 USDT (08:30 11/11/2026, UTC+7). The market changes very quickly, so remember to set a stop-loss on every trade.
This is my personal view for reference, not investment advice.
📰 Axion News | @axioncryptonews
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#BTC #Bitcoin #MarketUpdate #Payments #AxionNews
This morning, BTC is in an uncomfortable spot: the higher and lower timeframes are pulling in opposite directions, so I’m choosing to sit tight and watch.
1. WHAT’S THE MARKET DOING?
- D1 (daily timeframe): The trend is still up, but the short-term move is going the other way.
- H4 (4-hour timeframe): Moving down.
- View: Stay on the sidelines. The two timeframes are moving in opposite directions, so let price choose a direction before deciding what to do next.
2. WHY AM I BEING CAUTIOUS?
- The latest H4 high is at 84,875, and price still hasn’t broken above it (still +15.1% away).
- Price has broken below the latest H4 low at 79,732.
- Momentum is weak: D1 MACD is red, the bars are getting deeper, and ADX is 21—the trend lacks strength.
3. PRICE LEVELS TO WATCH
- Support: 72,691 (20-day low).
- Resistance: 74,329 - 75,548 (supply zone, H4 Order Block).
- Potential buy zone: 72,691, only if there’s a confirmation signal.
- Potential sell zone: 74,329 - 75,548, only if there’s a confirmation signal.
4. TWO SCENARIOS FOR TODAY
- Bullish: Price needs to hold the 72,691 zone and break above 75,548 to confirm upward momentum. If so, the next target is 82,595.
- Bearish: If price breaks below 72,691 and fails to reclaim this zone, the trend could weaken. The next target is 63,595.
5. WHEN WOULD I BE WRONG?
An H4 candle closing above 75,548 or below 72,691 would mean the market has chosen a direction. At that point, everything needs to be reassessed.
RISKS TO REMEMBER
- The average daily range is around 3.1% (D1 ATR), so price could easily sweep through the levels above before choosing a direction.
- An Order Block is only an area to watch; it may not hold. Macro news can trigger sharp price moves and slippage.
Price at the time of writing: 73,736 USDT (08:30 11/11/2026, UTC+7). The market changes very quickly, so remember to set a stop-loss on every trade.
This is my personal view for reference, not investment advice.
📰 Axion News | @axioncryptonews
💬 Which coin are you watching? Leave a comment so everyone can check it out, and if you found this useful, please like and share 👍
#BTC #Bitcoin #MarketUpdate #Payments #AxionNews
