On November 14, BTC is trading near $67,300. The price is down about 3% over 24 hours and 11% over the week; the current daily range is approximately $66,400–$70,200. The structure is weak: the price is under pressure, and futures trading volume is approximately 10 times higher than spot volume. Liquidations totaled about $276 million over 24 hours, mostly from long positions.
Levels: nearest support is $66,400–$66,900; losing it at the daily close would create a risk of a move toward the $64,000–$65,000 zone. Resistance is $68,300–$70,200. A recovery and consolidation above the upper boundary would weaken the bearish signal.
Bearish scenario: if support fails to hold, the decline could continue over the next 3–7 days. The scenario becomes invalid if the price firmly consolidates above $70,200.
Bullish scenario: holding support and reclaiming $70,200 could trigger a rebound to $72,000–$74,000. Rising spot volume would confirm the move; without it, the rebound could be short-lived. The scenario is invalidated by a daily close below $66,400.
The backdrop remains cautious: spot BTC ETFs recorded $185.4 million in outflows on November 13. In the US, the October PPI rose 0.3% month over month and 6.5% year over year, intensifying inflation concerns; the next major macro event is the release of the FOMC minutes on November 18.
NFA.
