This isn’t a pullback—it’s the second leg down. Don’t rush to call the bottom.
Market (CoinGecko, morning of 11-14): BTC 67,391, 24h -4.15%, 7 days -10.05%, 30 days -16.38%; ETH 1,900.86, 24h -4.75%, 7 days -13.94%; SOL 75.53, 24h -6.19%, 7 days -14.59%, 30 days -26.16%.
Key candle: The 4-hour candle around noon on 11-13 saw BTC open at 71,372 and close at 68,892, with a low of 68,675. It plunged 3.5% in four hours, losing the 70,000 level. The latest development is that all three major coins have broken below their respective 24-hour lows. SOL took the hardest hit, plunging from 77 to 75.32 in the half hour around 10:30.
Flows: BTC dominance has fallen to 58.8%. Money isn’t hiding in BTC; altcoins are being indiscriminately drained, and panic hasn’t peaked yet.
Levels: 69,000–70,000 is a firm ceiling for BTC; failure to break above it means the rebound is weak. 66,000 is the first support below; if it breaks, watch 63,000. For ETH, watch 1,850 if 1,900 doesn’t hold. For SOL, 77.5 is resistance on a rebound; if 75 breaks, watch 72.
Strategy: Don’t try to catch the bottom. Wait for BTC to reclaim 70,000 on strong volume before talking about a recovery. If you’re heavily positioned, a rebound near 69,000 is a chance to reduce your holdings.
#Web3 #BTC #ETH #SOL #Cryptocurrency
Market (CoinGecko, morning of 11-14): BTC 67,391, 24h -4.15%, 7 days -10.05%, 30 days -16.38%; ETH 1,900.86, 24h -4.75%, 7 days -13.94%; SOL 75.53, 24h -6.19%, 7 days -14.59%, 30 days -26.16%.
Key candle: The 4-hour candle around noon on 11-13 saw BTC open at 71,372 and close at 68,892, with a low of 68,675. It plunged 3.5% in four hours, losing the 70,000 level. The latest development is that all three major coins have broken below their respective 24-hour lows. SOL took the hardest hit, plunging from 77 to 75.32 in the half hour around 10:30.
Flows: BTC dominance has fallen to 58.8%. Money isn’t hiding in BTC; altcoins are being indiscriminately drained, and panic hasn’t peaked yet.
Levels: 69,000–70,000 is a firm ceiling for BTC; failure to break above it means the rebound is weak. 66,000 is the first support below; if it breaks, watch 63,000. For ETH, watch 1,850 if 1,900 doesn’t hold. For SOL, 77.5 is resistance on a rebound; if 75 breaks, watch 72.
Strategy: Don’t try to catch the bottom. Wait for BTC to reclaim 70,000 on strong volume before talking about a recovery. If you’re heavily positioned, a rebound near 69,000 is a chance to reduce your holdings.
#Web3 #BTC #ETH #SOL #Cryptocurrency