Bafang | BTC Evening Market Analysis 11.11
Data as of: Beijing time, 11.11 20:24
U.S. stock futures were lively today, but crypto didn’t really follow.
According to foreign media reports, around 18:00 Beijing time, Nasdaq 100 futures were up 1.67%. CoreWeave reported strong earnings, and Nvidia was up 4% premarket.
At the same time, $BTC was still hovering around 74,000. It’s now at 74,006, down 0.46% over 24 hours.
📍 Daytime range
Since 08:00, the high was 74,180 (during the 16:00 hour) and the low was 73,221 (during the 10:00 hour).
The rally at 16:00 didn’t hold, and that hour closed at 73,728. During the 19:00 hour, aggressive contract selling totaled about $129 million, versus about $100 million in aggressive buying—more selling than buying.
👀 Long/short ratio
It was 3.03 at 08:00 and 2.80 at 20:00, trending down all day.
Longs are gradually getting out, which is a good thing. The funding rate is 0.0044%—not overheated at all.
🏦 ETFs
On 11.10, spot BTC ETFs saw net outflows of $95 million, marking their 4th consecutive trading day of outflows. IBIT alone saw $78.2 million leave. The outflows were smaller than in recent days, but flows haven’t turned positive yet.
📊 Daily chart
RSI is 33.9, 4-hour RSI is 41.1, and the MACD histogram is -729, still below the zero line.
AHR999 is 0.39, still in the undervalued zone.
$ETH 2,055 has fallen back below the lower Bollinger Band (2,059), with a daily RSI of 28.7, weaker than BTC.
SOL is at 83.79, with a daily RSI of 25.2. It touched 84.15 during the 18:00 hour—a rare bit of a rebound today.
🎯 Key levels
Resistance: 74,180 (today’s high) / 74,759 (daily EMA200)
Support: 73,221 (today’s low) / 73,173 (daily MA200) / 72,943 (lower Bollinger Band)
Outlook: Choppy with a weak bias. If U.S. stocks really rally, BTC could catch up, but first it needs to get above 74,180.
Bafang’s take: Tonight, I’m watching the hour after U.S. stocks open at 22:30. If the Nasdaq strengthens and BTC breaks above 74,180 on higher volume, I’ll look toward 74,759. If U.S. stocks rise but BTC still doesn’t move, that means crypto’s own selling pressure hasn’t run its course, so I’ll keep watching how things play out around 73,200.
When U.S. stocks open tonight, do you think BTC will rise along with them, or keep going its own way?
(Personal opinion only; not investment advice)
#BTC #行情分析 #USStocks
Data as of: Beijing time, 11.11 20:24
U.S. stock futures were lively today, but crypto didn’t really follow.
According to foreign media reports, around 18:00 Beijing time, Nasdaq 100 futures were up 1.67%. CoreWeave reported strong earnings, and Nvidia was up 4% premarket.
At the same time, $BTC was still hovering around 74,000. It’s now at 74,006, down 0.46% over 24 hours.
📍 Daytime range
Since 08:00, the high was 74,180 (during the 16:00 hour) and the low was 73,221 (during the 10:00 hour).
The rally at 16:00 didn’t hold, and that hour closed at 73,728. During the 19:00 hour, aggressive contract selling totaled about $129 million, versus about $100 million in aggressive buying—more selling than buying.
👀 Long/short ratio
It was 3.03 at 08:00 and 2.80 at 20:00, trending down all day.
Longs are gradually getting out, which is a good thing. The funding rate is 0.0044%—not overheated at all.
🏦 ETFs
On 11.10, spot BTC ETFs saw net outflows of $95 million, marking their 4th consecutive trading day of outflows. IBIT alone saw $78.2 million leave. The outflows were smaller than in recent days, but flows haven’t turned positive yet.
📊 Daily chart
RSI is 33.9, 4-hour RSI is 41.1, and the MACD histogram is -729, still below the zero line.
AHR999 is 0.39, still in the undervalued zone.
$ETH 2,055 has fallen back below the lower Bollinger Band (2,059), with a daily RSI of 28.7, weaker than BTC.
SOL is at 83.79, with a daily RSI of 25.2. It touched 84.15 during the 18:00 hour—a rare bit of a rebound today.
🎯 Key levels
Resistance: 74,180 (today’s high) / 74,759 (daily EMA200)
Support: 73,221 (today’s low) / 73,173 (daily MA200) / 72,943 (lower Bollinger Band)
Outlook: Choppy with a weak bias. If U.S. stocks really rally, BTC could catch up, but first it needs to get above 74,180.
Bafang’s take: Tonight, I’m watching the hour after U.S. stocks open at 22:30. If the Nasdaq strengthens and BTC breaks above 74,180 on higher volume, I’ll look toward 74,759. If U.S. stocks rise but BTC still doesn’t move, that means crypto’s own selling pressure hasn’t run its course, so I’ll keep watching how things play out around 73,200.
When U.S. stocks open tonight, do you think BTC will rise along with them, or keep going its own way?
(Personal opinion only; not investment advice)
#BTC #行情分析 #USStocks