📉 BTC Bearish: A rebound is unlikely to reverse the weakness
As of Nov 11, 16:55 Beijing time, BTCUSDT perpetual is around 73,720, down 1.18% over 24 hours. Trading volume is 13.04 billion USDT, with net aggressive selling of 352 million USDT in futures; sellers remain in control. Volume and price data (https://finderside.com/symbols/BTCUSDT/)
OI is around 7.4 billion USDT, up about 1.6% over 24 hours, and the funding rate is +0.0077%/8 hours. Rising open interest as prices fall, combined with longs paying funding, means downside pressure remains. Open interest data (https://seandra.ai/perp/btc) The spot 4-hour RSI is 41.7, and the MACD histogram remains negative; short-term buying has yet to reverse the weakness. Indicator data (https://closedcandle.com/coin/btc/indicators)
Bearish outlook for the next 4–24 hours, with a likely retest of support at 72,690 after a rebound meets resistance; a break below that level could take the price down to 72,000. Resistance is at 74,820. If the price holds above it on increased volume, the bearish outlook is invalidated, with 75,000 as the next target.
#BTC #BTCUSDT #比特币 #MarketAnalysis
As of Nov 11, 16:55 Beijing time, BTCUSDT perpetual is around 73,720, down 1.18% over 24 hours. Trading volume is 13.04 billion USDT, with net aggressive selling of 352 million USDT in futures; sellers remain in control. Volume and price data (https://finderside.com/symbols/BTCUSDT/)
OI is around 7.4 billion USDT, up about 1.6% over 24 hours, and the funding rate is +0.0077%/8 hours. Rising open interest as prices fall, combined with longs paying funding, means downside pressure remains. Open interest data (https://seandra.ai/perp/btc) The spot 4-hour RSI is 41.7, and the MACD histogram remains negative; short-term buying has yet to reverse the weakness. Indicator data (https://closedcandle.com/coin/btc/indicators)
Bearish outlook for the next 4–24 hours, with a likely retest of support at 72,690 after a rebound meets resistance; a break below that level could take the price down to 72,000. Resistance is at 74,820. If the price holds above it on increased volume, the bearish outlook is invalidated, with 75,000 as the next target.
#BTC #BTCUSDT #比特币 #MarketAnalysis