Published: 19 November 2025,07:23
Daily Market Analysis New
*Crypto markets attempt stabilization, with BTC reclaiming $92,000 and ETH rebounding over 3%.
*Institutional outflows remain a major drag, highlighted by a $900M single-day BTC ETF withdrawal and over $100M in ETH product redemptions.
*NFP becomes the next key catalyst, as a dovish-leaning jobs print could aid recovery, while strong labor data risks extending the current corrective phase.
Market Summary:
Digital asset markets are showing initial signs of stabilization following a pronounced downtrend, with Bitcoin recovering above the $92,000 level and Ethereum gaining over 3% from its four-month low. Despite these technical bounces, the total cryptocurrency market capitalization remains constrained below $3.2 trillion, with broader risk-off sentiment from equity market weakness continuing to pose a significant overhang.
The recovery attempt faces fundamental challenges, particularly from substantial institutional capital outflows. Bitcoin ETFs recorded a substantial $900 million single-day outflow on November 14, while Ethereum products saw $107 million in redemptions on November 12. These movements reflect persistent risk aversion and have exacerbated selling pressure across digital asset markets.
With Bitcoin hovering near the psychologically significant $90,000 level and Ethereum testing the $3,000 support zone, the sector faces a critical test from tomorrow’s U.S. Nonfarm Payrolls report. As one of the most influential economic indicators, the jobs data will significantly shape expectations for Federal Reserve policy. A labor market reading that supports a more dovish Fed stance could improve crypto market sentiment, while unexpectedly strong data would likely extend the current corrective phase across digital assets.
Technical Analysis
Bitcoin has extended its corrective phase, breaching the critical psychological support at $90,000 to establish a new corrective low. While the cryptocurrency has staged a mild technical rebound from oversold conditions, the recovery remains capped below the key liquidity zone near $96,500—a level that now serves as initial resistance. This price action suggests that any bounce lacks conviction and that bearish momentum remains the dominant market force.
Momentum indicators align with the negative technical structure. The Relative Strength Index (RSI) continues to hover near oversold territory, reflecting persistent selling pressure, while the Moving Average Convergence Divergence (MACD) shows no signs of bullish divergence, remaining flat at depressed levels below its signal line.
The breach of $90,000 has established a new resistance framework for Bitcoin. For the bearish structure to be invalidated, a decisive break back above the $96,500 level would be required. Until then, the path of least resistance remains skewed to the downside, with the cryptocurrency vulnerable to a retest of the $90,000 level and potentially lower support near $87,000.
Resistance Levels: 98,650.00, 103,650.00
Support Levels: 86,785.00, 82,015.00
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