A week of fear, but the crowd is still leaning long.
Fear & Greed has sat in Fear or Extreme Fear for 7 straight days (28 today). $BTC is around $72,950 on Binance, back at the Nov 10 low of $72,727 for a second test, and total crypto market cap is down about 4.2% in 24h per CoinGecko.
What bugs me: BTCUSDT perp funding is still slightly positive and roughly 73% of Binance futures accounts are long. When a floor gets tested with that many longs on, it often takes a flush before a real bottom.
My view through Sun Nov 15: a daily close under $72,700 opens $71,000 and then the $70,000 round number. A daily close back above $74,800 (yesterday's high) puts $76,000 back in play. Slight bearish lean while under $74,800, and I'm wrong if BTC closes above $76,000 on any day before Sunday.
$ETH near $2,022 and $BNB near $665 are tracking it, so alts likely follow whichever way this breaks.
#Bitcoin #CryptoMarket #FearAndGreed #BTC
NFA.
Fear & Greed has sat in Fear or Extreme Fear for 7 straight days (28 today). $BTC is around $72,950 on Binance, back at the Nov 10 low of $72,727 for a second test, and total crypto market cap is down about 4.2% in 24h per CoinGecko.
What bugs me: BTCUSDT perp funding is still slightly positive and roughly 73% of Binance futures accounts are long. When a floor gets tested with that many longs on, it often takes a flush before a real bottom.
My view through Sun Nov 15: a daily close under $72,700 opens $71,000 and then the $70,000 round number. A daily close back above $74,800 (yesterday's high) puts $76,000 back in play. Slight bearish lean while under $74,800, and I'm wrong if BTC closes above $76,000 on any day before Sunday.
$ETH near $2,022 and $BNB near $665 are tracking it, so alts likely follow whichever way this breaks.
#Bitcoin #CryptoMarket #FearAndGreed #BTC
NFA.
