đ BTC OUTLOOK | 09:16 AM â 11/11
Kenny Choi
BTC is currently trading around 73.4K, continuing to join the liquidation sale season. đĽ˛
So yesterdayâs outlook didnât play out as expected: the price failed to bounce as anticipated and continued falling from the consolidation range.
Market sentiment is becoming increasingly fearful, and cash-out pressure is rising as both USDT.D and BTC show signs of weakness. However, the current price zone remains strong support on the weekly timeframe, absorbing some of the selling pressure.
đ TECHNICAL ANALYSIS
15M: A recovery is underway, with momentum still holding. Price could rise to the 74.6Kâ74.9K zone once again to sweep liquidity and test selling pressure.
4H: The downtrend remains dominant. Selling momentum has not ended, but the current range of price movement is narrowing.
1D & 1W: The prevailing structure remains a downtrend.
đŻ ACTION PLAN
1ď¸âŁ Short-term long and short: Go long on a bounce toward the 74.6Kâ74.9K zone. Afterward, a short-term short setup may be possible around 74.8K (for the morning and afternoon, while price is below 75K).
2ď¸âŁ Longer-term short: If price fails to break out and multiple 15M candles continue to trade below 75K, the longer-term short scenario can remain in play, targeting the 71K zone.
3ď¸âŁ Invalidation scenario: If BTC trades steadily above 75K, close short positions and stay on the sidelines. Wait to see whether capital flows return and generate fresh FOMO before deciding on a long-term bullish outlook.
.
Kenny Choi | GoatCryptoGains đ
$BTC $BTC
Kenny Choi
BTC is currently trading around 73.4K, continuing to join the liquidation sale season. đĽ˛
So yesterdayâs outlook didnât play out as expected: the price failed to bounce as anticipated and continued falling from the consolidation range.
Market sentiment is becoming increasingly fearful, and cash-out pressure is rising as both USDT.D and BTC show signs of weakness. However, the current price zone remains strong support on the weekly timeframe, absorbing some of the selling pressure.
đ TECHNICAL ANALYSIS
15M: A recovery is underway, with momentum still holding. Price could rise to the 74.6Kâ74.9K zone once again to sweep liquidity and test selling pressure.
4H: The downtrend remains dominant. Selling momentum has not ended, but the current range of price movement is narrowing.
1D & 1W: The prevailing structure remains a downtrend.
đŻ ACTION PLAN
1ď¸âŁ Short-term long and short: Go long on a bounce toward the 74.6Kâ74.9K zone. Afterward, a short-term short setup may be possible around 74.8K (for the morning and afternoon, while price is below 75K).
2ď¸âŁ Longer-term short: If price fails to break out and multiple 15M candles continue to trade below 75K, the longer-term short scenario can remain in play, targeting the 71K zone.
3ď¸âŁ Invalidation scenario: If BTC trades steadily above 75K, close short positions and stay on the sidelines. Wait to see whether capital flows return and generate fresh FOMO before deciding on a long-term bullish outlook.
.
Kenny Choi | GoatCryptoGains đ
$BTC $BTC