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BTCUSDDailyBearish

Bitcoin daily (SMC): sell the 78000–81000 zone

FXFibo editorial · · 1 min read
Summary

The daily structure in Bitcoin is bearish: a bearish break of structure (BOS) at 76173, with price now around 74614. The 78000–81000 area is the main sell zone.

BiasBearishEntry zone79000Stop loss82600Target 172550Target 269050StatusActive
Invalidation: Daily close above 82553
Bitcoin daily (SMC): sell the 78000–81000 zone

Main scenario

  • Entry zone: 78000–81000 (around 79000)
  • Stop: 82600
  • Targets: 72550 and 69050
  • Enter after candle confirmation or an aligned CHoCH on a lower timeframe

Alternative scenario

A daily close above 82553 invalidates the main scenario and opens the way to 82553.

Key levels

  • Resistance: 78000, 81105, 82553
  • Support: 73500, 72550, 69050

Market-moving events

  • Tue 10 Nov: US CPI
  • Thu 12 Nov: UK GDP and US jobless claims
  • Fri 13 Nov: US PPI and euro-area GDP
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⚠ This analysis is educational and is not a buy or sell recommendation. Trading financial markets carries the risk of losing capital.