$BTC at $74,996 (+0.6% in 24h) — squeezed between two levels that both matter.
Support $73,750: buyers stepped in there on both 8 Nov (low $73,510) and 9 Nov (low $73,750). Held twice in two days.
Resistance $75,600: rejected on 9 Nov at $75,599, and the 50-week moving average sits just under it at $75,200-$75,500. BTC closed the week below that average for the first time in two months.
My take: support looks like the stronger level because it has been tested and held twice, but sellers still own the tape while price sits under the 50-week MA. US CPI lands today at 8:30 a.m. ET, and that is the trigger that decides which level gives way first.
BTC holds $73,750 or breaks $75,600 — your number?
No buy/sell call, just the market. Not financial advice.
#Bitcoin #Ethereum #Crypto
Support $73,750: buyers stepped in there on both 8 Nov (low $73,510) and 9 Nov (low $73,750). Held twice in two days.
Resistance $75,600: rejected on 9 Nov at $75,599, and the 50-week moving average sits just under it at $75,200-$75,500. BTC closed the week below that average for the first time in two months.
My take: support looks like the stronger level because it has been tested and held twice, but sellers still own the tape while price sits under the 50-week MA. US CPI lands today at 8:30 a.m. ET, and that is the trigger that decides which level gives way first.
BTC holds $73,750 or breaks $75,600 — your number?
No buy/sell call, just the market. Not financial advice.
#Bitcoin #Ethereum #Crypto
