“Will BTC Fall Further or Bounce Back Today? — Fresh 4th Nov Analysis”
Bitcoin (BTC/USD) is showing clear bearish pressure on the M5 chart today.
Red candles dominate as price trades below both moving averages, signaling short-term weakness.
📉 Current range: $106,800 – $107,000
⚠️ If BTC breaks below $106,800, the next support lies near $106,600 – $106,400.
📈 However, a breakout above $107,100 could trigger a short-term reversal and bring bulls back in control.
Right now, momentum favors sellers — but Bitcoin often surprises with sharp rebounds. Stay alert, traders! 🚀
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⚠️ Disclaimer:
This analysis is for educational purposes only — not financial advice.
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