FPG BTCUSD Market Report November 6, 2025

BTCUSD extended its bearish trajectory, traded around 103,420 after retreating from the mid-October peak near 111,150. Selling pressure has been persistent, with the asset dropping to test key support around 98,932, marking a significant correction phase. Despite this decline, the market shows early signs of stabilization as intraday volatility narrows and short-term traders begin to buy near the lower boundary of the descending channel.

The current price action remains confined within a broad downward-sloping channel, with multiple failed attempts to break the descending trendline from 126,277 and 111,150. The bearish pattern is further supported by the Parabolic SAR dots consistently appearing above candles, confirming continued downside momentum. However, the recent rebound from 98,932 signals possible technical relief as prices approach a confluence of long-term demand zones.

Momentum readings are mixed: the Force Index (13) stays negative at -1,497,545, indicating that sellers still hold control, though the magnitude of bearish momentum has started to ease. Meanwhile, the Stochastic Oscillator (5,3,3) hovers around 82.79 and 84.10, deep in overbought territory, suggesting a possible pause or short-term pullback following the current rebound. Overall, while the structure remains bearish, near-term corrections could emerge before further downside continuation.

Market Observation & Strategy Advice

1. Current Position: BTCUSD traded around 103,420, consolidating after rebounding from the 98,932 support base.

2. Resistance Zone: Immediate resistance is seen at 106,500, followed by a stronger cap at 111,150, where previous rallies have been rejected.

3. Support Zone: The first key support lies near 98,932, with a deeper structural floor around 98,000, marking the lower channel boundary.

4. Indicators: Force Index remains negative but softening, while Stochastic readings indicate overbought momentum, signaling limited upside potential before another retest of support. BTCUSD is likely to trade within 99,300–106,500 in the near term, with downside bias intact unless price closes firmly above 111,150.

5. Trading Strategy Suggestions:

• Sell on Rallies: Consider short positions around 106,000–106,500, targeting 100,000–99,300 with stop-loss above 107,000.

• Buy on Dips: Conservative buyers may look for opportunities near 99,000 if reversal signals emerge, aiming for 104,000–105,500.

• Risk Control: Maintain cautious exposure as volatility remains high and sentiment stays fragile under the dominant bearish trend.

Market Performance:

Crypto Last Price % Change

ETHUSD 3,398.1 −0.77%

SOLUSD 160.97 −0.85%

Today's Key Economic Calendar:

AU: Balance of Trade

UK: S&P Global Construction PMI

UK: BoE Interest Rate Decision

US: Initial Jobless Claims

CA: Ivey PMI s.a

US: Fed Barr & Williams Speech

Risk Disclaimer: This report is for informational purposes only and does not constitute financial advice. Investments involve risks, and past performance does not guarantee future results. Consult your financial advisor for personalized investment strategies.