BTC Market Outlook 20261111
Direction: Bearish
Strategy: Short; short on a rebound in the 74700-754000 range
Reasons:
1. Bearish macro factors:
CPI is bearish; the Fed's rate-hiking cycle is getting longer
2. Bearish events
Midterm election losses + Binance hack + sharp U.S. stock sell-off
3. Technical factors
1. Resistance from the 30- and 120-period moving averages
2. Although the market is severely oversold right now, MACD shows no bullish divergence
3. The rebound is very weak, and the price remains in a downtrend channel
4. No bottoming pattern
Direction: Bearish
Strategy: Short; short on a rebound in the 74700-754000 range
Reasons:
1. Bearish macro factors:
CPI is bearish; the Fed's rate-hiking cycle is getting longer
2. Bearish events
Midterm election losses + Binance hack + sharp U.S. stock sell-off
3. Technical factors
1. Resistance from the 30- and 120-period moving averages
2. Although the market is severely oversold right now, MACD shows no bullish divergence
3. The rebound is very weak, and the price remains in a downtrend channel
4. No bottoming pattern