$BTC Caught between support and resistance, while ETFs keep seeing outflows. I’m staying on the sidelines for now.
Morning briefing, 11/11: $BTC 73,580 | $ETH 2,048. Both are in the same position: D1 is up (the short-term move is going the other way), while H4 is down. In a setup like this, I’m staying on the sidelines and waiting for confirmation.
Bitcoin ($BTC ) 73,580 USDT
Support at 72,691; resistance at 74,329–75,548.
If it holds 72,691 and breaks above 75,548, it could keep rising, with a target of 82,595.
A break below 72,691 would signal weakness, with a target of 63,595.
If an H4 candle closes above 75,548 or below 72,691, the market has picked a direction; I’ll reassess then.
Ethereum ($ETH ) 2,048 USDT
Also staying on the sidelines and waiting for confirmation.
Support at 2,004; resistance at 2,112–2,151.
If it holds 2,004 and breaks above 2,151, it could keep rising, with a target of 2,225. A break below 2,004 would signal weakness, with a target of 1,900.
If an H4 candle closes above 2,151 or below 2,004, the market has picked a direction, and it’s time to reassess.
Compared with BTC over 90 days: correlation 0.90, beta 1.3—heavily dependent on BTC. ETH usually follows BTC, and tends to move even more sharply.
US spot ETF flows aren’t looking good:
$BTC: net outflows of $95 million on 10/11 (four consecutive sessions of outflows); -$1.06 billion over the last 5 sessions.
$ETH: net outflows of $1 million on 10/11 (four consecutive sessions of outflows); -$326 million over the last 5 sessions.
Risk: BTC’s average daily range (ATR D1) is 3.2%, and ETH’s is 5.0%. Macroeconomic news could push prices through the levels above before a direction is chosen, so don’t rush to follow the first candle.
Price at time of writing: 21:27 11/11/2026 (UTC+7). This is my personal view, not investment advice.
Are these ETF outflows enough to push BTC below 72,691?
📰 Axion News | @axioncryptonews
#BTC #ETH #ETF #MarketUpdate #AxionNews
Morning briefing, 11/11: $BTC 73,580 | $ETH 2,048. Both are in the same position: D1 is up (the short-term move is going the other way), while H4 is down. In a setup like this, I’m staying on the sidelines and waiting for confirmation.
Bitcoin ($BTC ) 73,580 USDT
Support at 72,691; resistance at 74,329–75,548.
If it holds 72,691 and breaks above 75,548, it could keep rising, with a target of 82,595.
A break below 72,691 would signal weakness, with a target of 63,595.
If an H4 candle closes above 75,548 or below 72,691, the market has picked a direction; I’ll reassess then.
Ethereum ($ETH ) 2,048 USDT
Also staying on the sidelines and waiting for confirmation.
Support at 2,004; resistance at 2,112–2,151.
If it holds 2,004 and breaks above 2,151, it could keep rising, with a target of 2,225. A break below 2,004 would signal weakness, with a target of 1,900.
If an H4 candle closes above 2,151 or below 2,004, the market has picked a direction, and it’s time to reassess.
Compared with BTC over 90 days: correlation 0.90, beta 1.3—heavily dependent on BTC. ETH usually follows BTC, and tends to move even more sharply.
US spot ETF flows aren’t looking good:
$BTC: net outflows of $95 million on 10/11 (four consecutive sessions of outflows); -$1.06 billion over the last 5 sessions.
$ETH: net outflows of $1 million on 10/11 (four consecutive sessions of outflows); -$326 million over the last 5 sessions.
Risk: BTC’s average daily range (ATR D1) is 3.2%, and ETH’s is 5.0%. Macroeconomic news could push prices through the levels above before a direction is chosen, so don’t rush to follow the first candle.
Price at time of writing: 21:27 11/11/2026 (UTC+7). This is my personal view, not investment advice.
Are these ETF outflows enough to push BTC below 72,691?
📰 Axion News | @axioncryptonews
#BTC #ETH #ETF #MarketUpdate #AxionNews
