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@fuelmeupcc@AxelAdlerJr A 22-point swing in a day is rare outside event shocks. What stands out is price holding the $75K area while sentiment collapsed - fear this deep at range lows has historically marked sentiment extremes, not trend starts.
BTC $75,959 (+0.7%)
ETH $2,246 (+1.3%)
SOL $90.2 (+1.1%)
Green 24h after Friday's US rebound, but BTC is still sitting near the bottom of its recent range. Daily analysis: https://t.co/9SzxUCocUT
2/ Levels: the 00:00 UTC sample made a new completed-sample low at $75,775 (Nov 7), under Nov 6 ($76,006) - lowest since the Oct 5 high ($86,490). Below: the 200-day average near $73.2K. Above: the Nov 5 sample $80.4K, then the 50-day average at $82.0K.
US added 165K jobs in October, well above the 48K average of the past 12 months; unemployment held at 4.1% (BLS). Yields rose as rate-hike talk stayed alive (Reuters). Nasdaq rebounded at the open after entering correction. BTC holding near $75.7K (-4%).
@Coachkcrypto The speed of that flip is the striking part - from profit to roughly 60% underwater in a day means recent-buyer cost basis is clustered just above. That overhead supply is what the next bounce has to chew through before it can extend.
@DaanCrypto That $2,150-$2,350 band has contained most of this week's chop. Agree on playing it level by level - the middle of the range is where the worst fills happen. A daily close outside the band would give the cleaner signal.
@cryptorover Reclaiming the ribbons from here would need a strong weekend. Price is holding just above the 200-day average near $73.2K - that level and the weekly close together will frame the tone for next week.
@CryptoMichNL The split you point out is notable - $NQ swept its lows while Bitcoin held the $75K area and many altcoins took theirs. That kind of divergence often shows up late in a correction. Whether the bounce holds is the question for the next US sessions.
@TedPillows The $75K zone is doing a lot of work this week. A fast wick below that reclaims quickly would fit the trap-shorts pattern you describe; a clean hold keeps the range alive. The weekly close here will say a lot.
3/ Macro: post-election rally reversed as AI stocks plunged - Nasdaq -5.5%; >$1B in crypto leverage liquidated; gold up at $4,094 (CoinDesk):
https://t.co/nUvmCVZ5p6
BTC $75,440 (-6.1%)
ETH $2,218 (-8.3%)
SOL $89.2 (-6.9%)
BTC gives back the post-election rally: the Nov 6 00:00 UTC sample $76,006 is lowest since the Oct 5 high, below the 50-day average ($82.0k), above the 200-day ($73.2k).
Daily analysis:
https://t.co/9SzxUCocUT
2/ Levels: the pullback made a new completed-sample low at $76,006 (Nov 6), under the Nov 3 low ($76,709). Next reference below: the 200-day average near $73.2k. Above: the Nov 5 sample $80.4k, then the 50-day average at $82.0k.
3/ Macro: crypto joined a broad post-election rebound - BTC above $80k, ETH +8%, as oil and the dollar fell after Democrats won both chambers (CoinDesk):
https://t.co/dQYBnrDC9L
BTC $80,362 (+3.3%)
ETH $2,419 (+5.6%)
SOL $95.7 (+3.2%)
BTC reclaims $80k: the Nov 5 00:00 UTC sample $80,443 is up sharply from $77,385. Price now just below the 50-day average ($82.0k), well above the 200-day ($73.2k).
Daily analysis:
https://t.co/9SzxUCocUT
2/ Levels: two consecutive higher completed samples after the Nov 3 low ($76,709 -> $77,385 -> $80,443). Next references above: the 50-day average at $82.0k, then the 30-day high $85.5k (Oct 7). The 200-day average near $73.2k sits far below.