☠️We have lost the 50-week MA

The bull market for Bitcoin is over. Welcome to the bear market🥳

☕ Morning market review

So far, the sidearm is working on weekends, and the alto is shooting.

🪙BTC $95,449
🪙ETH 3,193$

Fear Index 17
Altseason index 31
Bitcoin dominance59.43%

Growth leader: ASTER +5%
Leader of the fall: DASH-10%
⚰️Liquidations: $619 million

The GAP was never lifted, and the sooner we collect all the liquidity, the better for growth. Since the liquidity left will always be a threat for every rebound.

🚀Starknet is called the “engine of programmable finance” - $1.5 trillion in trading volumes and $1.9 billion in transactions have already passed through the network.

The TVL is $1.36 billion and the platform runs many real-world applications, including futures exchanges.

❗️The L2 Ztarknet project is also presented - not just a proposal for Zcash, but a ready-made integration plan.

🪙BTC is ready for local growth

Yesterday, the market performed a classic manipulation: the price removed liquidity from $92,000 and quickly gave a strong upward impulse. BTC is currently trading around $95,700.

To confirm the reversal, it is important to see consolidation above $96,600 and a breakdown of the imbalance of $97,700–$98,500. Only after exiting above this zone can we confidently expect a movement toward liquidity of $101,000–$103,000.

The market is gradually forming a reversal, and it’s good that the manipulation happened yesterday—the week started with growth.

❗️Obviously, BTC now looks weak on the weekly timeframe - this is a fact.

🚀But the weekly chart of $STRK shows a completely different picture: a large breakout candle formed, and the week closed above the upper Bollinger band. 🔥

$STRK looks noticeably stronger than the market and demonstrates a confident bullish mood📈

💸CryptoQuant reports that stablecoin reserves on Binance have increased by $9,000,000,000 over the past month

Such an increase often precedes a market rally, as an influx of stablecoins can indicate investors are ready to actively buy.

🗓 The main events of the week - short and to the point:

MONDAY, November 17th
- Silence. The market moves itself.

TUESDAY, November 18
- Nothing important

WEDnesday, November 19
🇺🇸 Federal Reserve Protocol (22:00).
The most important event of the week. Any word and the market will either fly away or collapse. Sounds normal.

THURSDAY, November 20
🇺🇸 Initial Jobless Claims (16:30).
Unemployment claims: if the numbers are bad, the market is sad, if they are good, the bears are sad.

FRIDAY, November 21
🇺🇸 Fed balance sheet (00:30).
🇺🇸 PMI for November (17:45).
🇺🇸 Inflation expectations (18:00).
A triple set of statistics that could shake the market at the end of the week.

This is the worst Q4 for BTC since 2018 so far 😕

☕ Morning market review

The market is really shitty, they put a lot of pressure on the price of BTC.

🪙BTC $95,449
🪙ETH 3,193$

Fear Index 15
Altseason index 31
Bitcoin dominance58.93%

Growth leader: ICP +10.47%
Leader of the decline: STRK -17.51%
⚰️Liquidations: $1.02 billion

We removed the GAP, but so far the BTC chart is completely weak. Although some altos show strength. There is still a chance for a reversal; this week will be decisive.

🤔Arthur Hayes said in a new essay that the fall in BTC is not due to fundamental factors, but to a decrease in liquidity - flows into ETFs and DAT have noticeably decreased.

According to his forecast, Bitcoin may correct to $80–85 thousand, but after the US stock market recovers and liquidity returns, BTC has a chance to rise to $200–250 thousand by the end of the year.

🪙Cryptocurrency skeptic Peter Schiff said that the fall of Bitcoin relative to gold proves the inconsistency of the idea of “digital gold”

BTC recently dropped below $90,000, which is minus 28.5% of the ATH. But most importantly, in relation to gold, which confidently remains above $4000, Bitcoin has fallen in price by about 40%.

❗️According to Schiff, this shows that the myth of “digital gold” does not work, and investors who believed in this concept may begin to sell BTC en masse.

🪙By BTC locally

Bitcoin fell by 7% during the day, removed liquidity by $91,600 and tested the daily imbalance of $91,800–$88,400. The asset is now trading around $91,300 and is already showing a confident reaction from the lower border of the zone.

To continue growth, you need to gain a foothold above the local imbalance of $93,200–$94,200. A breakdown of this area will open the way to liquidity of $98,000–$101,000.

❗️The market looks ready for recovery - all that remains is to wait for a confident consolidation above the first resistance zones.

🐻Anacryptoquant analysts expect BTC drawdown to $87,500

$87,500 is a support level that has held since March.

🪙By ETH locally

Ether is trading around $3,095 and is growing confidently after the removal of liquidity in the $3,040–$2,900 zone. The price is moving towards a key level that will determine the further trend.

To continue the upward movement, you need to gain a foothold above the structure break at $3,200 - only a breakdown of this high will open the way up.

❗️If consolidated, we can expect a movement towards liquidity in the area of ​​$3,260–$3,360 and above.

🚀Starknet hints at an upcoming announcement.

"Privacy on Starknet" 🤫

💭Here's why, in my opinion, going to $85,000 before a major rebound looks logical:

If you build a channel, the $83,000–$87,000 reversal zone perfectly coincides with its lower border 👌

When the price reaches this level, the moonboys will start shouting joyfully: “We hit the support of the channel - further only ATH! 🚀

A rebound is really expected there, but instead of reaching a new high, the market will most likely form a lower high and then break through support📉

This channel could be the perfect trap for anyone who blindly believes in endless growth😏