📉 BEARISH BIAS | $BTC bearish: price at 73.483 USDT is below the daily EMA50 (78.692) and the 4h EMA50 (75.438); all three timeframes are bearish. Buyers lack the strength to push the price above 75.120.
🕰 CONTEXT: Since the news broke (17:28 on 11/11), the price has fallen 0,4%. After the news, buyers accounted for 51% of volume (51% before the news), with net buying of 23,9 million USDT: the two sides are struggling for control.
📰 NEGATIVE NEWS, moderate impact: US Bitcoin ETFs saw net outflows of 299,9 million USD on 11/11, their fifth consecutive session (crypto.news, 12/11). Since 17:28 on 11/11, the price has ranged from -0,7% to +1,4% and is currently at -0,4%; no major reaction is evident yet.
📊 TECHNICALS: The daily, 4h, and 1h timeframes are all bearish. The 4h RSI at 37,9 indicates sellers are still in control. The 4h MACD histogram is positive but narrowing, meaning the recovery is losing momentum and is not yet enough to reverse the trend.
💰 FLOWS: Active buying on Binance spot over the past 24 hours is only 51,3%; buyers are not dominant. Binance derivatives: the crowd is 74,1% long and paying funding of 0,0043%/8h, meaning the majority is being charged fees, giving shorts the greater advantage.
🎯 LEVELS TO WATCH $BTC : support 73.120 USDT · resistance 75.120 USDT
🔎 CONCLUSION: Below 75.120, shorts have the advantage, with 73.120 as a test area, because all three timeframes are bearish and the price is below the 4h EMA50.
⚠️ If the current 4-hour BTC/USDT candle on Binance spot closes above 75.120, the bearish outlook is no longer valid, and only then will longs have the advantage.
Data as of 17:17 on 12/11 (UTC+7). The current 4-hour BTC/USDT candle on Binance spot closes at 19:00.
In the 73.120 to 75.120 range, do you favor longs or shorts, and why?
Manage your capital before entering a trade: risk only about one percent of your capital per trade.
Not investment advice. DYOR.
#BinanceSquare #BTC
🕰 CONTEXT: Since the news broke (17:28 on 11/11), the price has fallen 0,4%. After the news, buyers accounted for 51% of volume (51% before the news), with net buying of 23,9 million USDT: the two sides are struggling for control.
📰 NEGATIVE NEWS, moderate impact: US Bitcoin ETFs saw net outflows of 299,9 million USD on 11/11, their fifth consecutive session (crypto.news, 12/11). Since 17:28 on 11/11, the price has ranged from -0,7% to +1,4% and is currently at -0,4%; no major reaction is evident yet.
📊 TECHNICALS: The daily, 4h, and 1h timeframes are all bearish. The 4h RSI at 37,9 indicates sellers are still in control. The 4h MACD histogram is positive but narrowing, meaning the recovery is losing momentum and is not yet enough to reverse the trend.
💰 FLOWS: Active buying on Binance spot over the past 24 hours is only 51,3%; buyers are not dominant. Binance derivatives: the crowd is 74,1% long and paying funding of 0,0043%/8h, meaning the majority is being charged fees, giving shorts the greater advantage.
🎯 LEVELS TO WATCH $BTC : support 73.120 USDT · resistance 75.120 USDT
🔎 CONCLUSION: Below 75.120, shorts have the advantage, with 73.120 as a test area, because all three timeframes are bearish and the price is below the 4h EMA50.
⚠️ If the current 4-hour BTC/USDT candle on Binance spot closes above 75.120, the bearish outlook is no longer valid, and only then will longs have the advantage.
Data as of 17:17 on 12/11 (UTC+7). The current 4-hour BTC/USDT candle on Binance spot closes at 19:00.
In the 73.120 to 75.120 range, do you favor longs or shorts, and why?
Manage your capital before entering a trade: risk only about one percent of your capital per trade.
Not investment advice. DYOR.
#BinanceSquare #BTC
