November 5, 2026,
the global cryptocurrency market capitalization surged by over 5.1% to reach $2.79 trillion. The market saw a significant bullish recovery following heavy short liquidations and renewed institutional ETF inflows.
📈 BTC/USDT Daily Candlestick Chart (Nov 5, 2026)
Below is the daily candlestick chart illustrating the price action and volume leading up to today's recovery above the key $80,000 psychological resistance:
🔍 Key Market Technical Analysis (5-11-2026)
1. Bitcoin (BTC/USDT)
Current Price: $80,650 (Up from a low near $75,600 on Nov 3).
Key Drivers: Spot Bitcoin ETFs recorded a net inflow led by Fidelity's FBTC ($236.7 million). Short positions worth over $378 million were liquidated in a rapid short squeeze.
Resistance Levels: Immediate resistance is testing $81,300 – $82,000.
Support Levels: Strong baseline support is at $76,000 (average cost basis of short-term holders).
2. Ethereum (ETH/USDT) & Altcoins
Ethereum (ETH): Trading near $2,317. A confirmed daily close above $2,350 is required to establish a sustained bullish momentum.
Solana (SOL): Trading around $92.69. It faces rejection below the $98 – $100 resistance band after slipping under major moving averages.
Top Movers: Curve DAO (CRV +11.2%), Balancer (BAL +11.1%), and Algorand (ALGO +10.0%) lead altcoin gainers.
#CryptoPatience #ETH🔥🔥🔥🔥🔥🔥
the global cryptocurrency market capitalization surged by over 5.1% to reach $2.79 trillion. The market saw a significant bullish recovery following heavy short liquidations and renewed institutional ETF inflows.
📈 BTC/USDT Daily Candlestick Chart (Nov 5, 2026)
Below is the daily candlestick chart illustrating the price action and volume leading up to today's recovery above the key $80,000 psychological resistance:
🔍 Key Market Technical Analysis (5-11-2026)
1. Bitcoin (BTC/USDT)
Current Price: $80,650 (Up from a low near $75,600 on Nov 3).
Key Drivers: Spot Bitcoin ETFs recorded a net inflow led by Fidelity's FBTC ($236.7 million). Short positions worth over $378 million were liquidated in a rapid short squeeze.
Resistance Levels: Immediate resistance is testing $81,300 – $82,000.
Support Levels: Strong baseline support is at $76,000 (average cost basis of short-term holders).
2. Ethereum (ETH/USDT) & Altcoins
Ethereum (ETH): Trading near $2,317. A confirmed daily close above $2,350 is required to establish a sustained bullish momentum.
Solana (SOL): Trading around $92.69. It faces rejection below the $98 – $100 resistance band after slipping under major moving averages.
Top Movers: Curve DAO (CRV +11.2%), Balancer (BAL +11.1%), and Algorand (ALGO +10.0%) lead altcoin gainers.
#CryptoPatience #ETH🔥🔥🔥🔥🔥🔥
