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Published: 7 November 2025,03:31
Daily Market Analysis New
*Crypto market steadies after sharp sell-off, with Bitcoin reclaiming the $100,000 mark and Ethereum rebounding 2.5%, lifting total market capitalization back above $3.4 trillion.
*Sentiment remains fragile, as cascading liquidations in October and tightening liquidity deter fresh capital inflows amid a broader correction in risk assets.
*Powell’s hawkish tone and U.S. policy uncertainty weigh, keeping cryptocurrencies in a choppy consolidation phase.
Market Summary:
Digital asset markets exhibited tentative signs of stabilization following the significant sell-off that swept through the sector earlier this week, which saw Bitcoin breach the critical $100,000 level and Ethereum decline over 20% since Monday. The total cryptocurrency market capitalization has recovered to above $3.40 trillion, with BTC and ETH gaining 1.7% and 2.5% respectively over the past 24 hours.
Despite this near-term bounce, underlying market sentiment remains fragile. The ecosystem continues to grapple with the aftermath of two major liquidation events in October that triggered cascading deleveraging across derivatives markets, subsequently deterring substantial new capital allocation in the near term. The weakness in digital assets coincides with a broader technical correction in U.S. equity markets after indices reached all-time highs, reflecting a synchronized pullback in risk assets.
Further weighing on sentiment, Federal Reserve Chair Jerome Powell’s recent hawkish commentary has tempered market expectations for a December rate cut, compressing risk appetite across speculative asset classes. For the near-term outlook, cryptocurrencies are expected to remain within a choppy consolidation range with a downside bias, as the market contends with both a lack of immediate catalysts and ongoing liquidity constraints.
A potential resolution to the U.S. government shutdown and subsequent resumption of operations could provide a meaningful catalyst, particularly through the anticipated launch of spot crypto ETFs, which would likely rejuvenate institutional interest and support a more sustainable recovery in the digital asset space.
Technical Analysis
Bitcoin is attempting to stabilize after breaching the critical psychological support at the $100,000 level, though any nascent technical rebound has thus far failed to gather momentum. The cryptocurrency remains capped below its key downtrend resistance line, reinforcing a persistent bearish near-term bias.
The failure to reclaim significant ground following the breach of a major support level indicates ongoing selling pressure. Current price action suggests the path of least resistance remains to the downside, with the asset consolidating within a bearish technical structure.
Momentum indicators corroborate the weak technical picture. The Relative Strength Index (RSI) continues to flirt with oversold territory, reflecting sustained selling pressure, while the Moving Average Convergence Divergence (MACD) holds firmly below its zero line. This configuration suggests bearish momentum remains dominant, pointing to a heightened risk of further downside testing. For the near-term bearish structure to be invalidated, a decisive break back above the $100,000 level and the prevailing downtrend resistance would be required.
Resistance Levels:103,650.00, 108,200.00
Support Levels: 98,650.00, 91,950.00
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