$BTC WILL GO UP ?!?
#BinanceReopensWithdrawalsForMoreAssets #USMidtermElections
Bullish scenario
BTC holds $76,000–$76,600 and breaks above $78,500 with strong volume.
Target 1: $79,500
Target 2: $80,500
Confirmation: 4H candle closes above resistance
Bearish scenario
BTC loses $76,000 on a convincing 4H or daily close.
Target 1: $74,800
Target 2: $73,200
Confirmation: Selling volume increases
Neutral scenario
BTC remains between $76,000 and $79,500.
Expect choppy price action
Avoid chasing candles before a breakout
BTC has a chance of a relief rally, but I would not consider the short-term trend fully bullish until price reclaims the $79,500–$80,500 zone.
The most important level to watch is $76,000.
Date Open High Low
Nov 2 $78,248 $78,724 $76,572
Nov 3 $76,684 $77,947 $76,306
Nov 4* $77,338 $77,415 $77,312
*November 4 candle is still forming. Prices vary slightly by exchange and data provider. Source:
#BinanceReopensWithdrawalsForMoreAssets #USMidtermElections
Bullish scenario
BTC holds $76,000–$76,600 and breaks above $78,500 with strong volume.
Target 1: $79,500
Target 2: $80,500
Confirmation: 4H candle closes above resistance
Bearish scenario
BTC loses $76,000 on a convincing 4H or daily close.
Target 1: $74,800
Target 2: $73,200
Confirmation: Selling volume increases
Neutral scenario
BTC remains between $76,000 and $79,500.
Expect choppy price action
Avoid chasing candles before a breakout
BTC has a chance of a relief rally, but I would not consider the short-term trend fully bullish until price reclaims the $79,500–$80,500 zone.
The most important level to watch is $76,000.
Date Open High Low
Nov 2 $78,248 $78,724 $76,572
Nov 3 $76,684 $77,947 $76,306
Nov 4* $77,338 $77,415 $77,312
*November 4 candle is still forming. Prices vary slightly by exchange and data provider. Source:
