$BTC got wrecked Nov 5.
Binance spot ran near $80,900, wicked to a low of $75,208, and sits around $75,860 as I write. Fear & Greed flipped from 50 to 28. Lookonchain clocked about $1.24B in liquidations over 24 hours.
My call through Nov 12:
• Daily close holding above the $75,200 floor → first bounce toward $78,000, then a shot at reclaiming $80,000
• Daily close below that $75,200 floor → next stop near the $73,000 area
Slight bearish lean until a daily close back above $78,000. I am wrong if we close a day back above $80,000.
$BTC #Bitcoin #PriceAnalysis #CryptoMarket
NFA / Not financial advice
Binance spot ran near $80,900, wicked to a low of $75,208, and sits around $75,860 as I write. Fear & Greed flipped from 50 to 28. Lookonchain clocked about $1.24B in liquidations over 24 hours.
My call through Nov 12:
• Daily close holding above the $75,200 floor → first bounce toward $78,000, then a shot at reclaiming $80,000
• Daily close below that $75,200 floor → next stop near the $73,000 area
Slight bearish lean until a daily close back above $78,000. I am wrong if we close a day back above $80,000.
$BTC #Bitcoin #PriceAnalysis #CryptoMarket
NFA / Not financial advice
