$BTC just swept $62,000 before bouncing to $65,500 in less than a day — is this the bottom, or just a breather before the weekly candle closes down for the sixth consecutive week?
• $BTC around $65,500 (18:43 Vietnam time), -2.6%/24h, -12.4%/7 days, about 49% below the $126,080 peak on 6/10
• Intraday low of ~$62,000, ~$1.9 billion liquidated over 24h (93% longs); Fear & Greed at 10, daily RSI around 25
• ETFs $BTC saw ~$1.07 billion in outflows during the week of 9–13/11; fewer than 45% of the circulating supply is in profit, with the short-term holder cost basis at ~$75,068
Scenario 1 — Range-bound at $63,500–66,500: hold above $63,000 through the weekly close, with thin weekend liquidity.
Scenario 2 — Bounce to $66,500–69,000: requires a daily close above $66,500 and ETFs to stop seeing net outflows early in the week.
Scenario 3 — Further decline to $60,500–63,500: if $63,000 gives way, $60,000 is the next area to watch.
Key events to watch: Fed Chair Warsh’s remarks Monday afternoon, U.S. retail sales and Nvidia earnings on 17/11, and the FOMC minutes on 18/11.
This article is for market analysis and informational purposes only, and is not investment advice.
$BTC #Bitcoin #Crypto #Fed #Nvidia
• $BTC around $65,500 (18:43 Vietnam time), -2.6%/24h, -12.4%/7 days, about 49% below the $126,080 peak on 6/10
• Intraday low of ~$62,000, ~$1.9 billion liquidated over 24h (93% longs); Fear & Greed at 10, daily RSI around 25
• ETFs $BTC saw ~$1.07 billion in outflows during the week of 9–13/11; fewer than 45% of the circulating supply is in profit, with the short-term holder cost basis at ~$75,068
Scenario 1 — Range-bound at $63,500–66,500: hold above $63,000 through the weekly close, with thin weekend liquidity.
Scenario 2 — Bounce to $66,500–69,000: requires a daily close above $66,500 and ETFs to stop seeing net outflows early in the week.
Scenario 3 — Further decline to $60,500–63,500: if $63,000 gives way, $60,000 is the next area to watch.
Key events to watch: Fed Chair Warsh’s remarks Monday afternoon, U.S. retail sales and Nvidia earnings on 17/11, and the FOMC minutes on 18/11.
This article is for market analysis and informational purposes only, and is not investment advice.
$BTC #Bitcoin #Crypto #Fed #Nvidia