$BTC Bitcoin has given back most of the recent gains and is currently trading near the mid-$75,000s.
After the strong push above $80k on Nov 4–5, price reversed hard and is now testing the same support zone that held earlier in the week. The rejection from the $80k–$81k area was sharp.
Key points:
Short-term structure has weakened again after the failed breakout attempt.
Momentum has flipped negative on the 4h chart. Price is back inside the previous consolidation range.
Levels:
--Resistance: $77,500 – $78,500 then $80,000
--Support: $75,200 – $74,800 Critical support: $74,000
Bias:
Short-term bearish while below $78k. Holding the $75k zone keeps the broader recovery intact. A clean break below $75k would open the door for a deeper retest of the late-October lows.
#USStocksSlipandCryptoMarketUnderBroadPressure #bitcoin #analysis #BTC走势分析 #BinanceReopensWithdrawalsForMoreAssets
After the strong push above $80k on Nov 4–5, price reversed hard and is now testing the same support zone that held earlier in the week. The rejection from the $80k–$81k area was sharp.
Key points:
Short-term structure has weakened again after the failed breakout attempt.
Momentum has flipped negative on the 4h chart. Price is back inside the previous consolidation range.
Levels:
--Resistance: $77,500 – $78,500 then $80,000
--Support: $75,200 – $74,800 Critical support: $74,000
Bias:
Short-term bearish while below $78k. Holding the $75k zone keeps the broader recovery intact. A clean break below $75k would open the door for a deeper retest of the late-October lows.
#USStocksSlipandCryptoMarketUnderBroadPressure #bitcoin #analysis #BTC走势分析 #BinanceReopensWithdrawalsForMoreAssets
