**Market Update (November 2, 2025, 6:30 PM EST)**
Crypto markets are experiencing rapid shifts, with short-term fluctuations having a significant impact. This market update reflects current conditions and should not be interpreted as financial advice.
Bitcoin (BTC) is currently trading around $109,738 (-0.22%), reflecting bearish pressure on both the 1-hour chart and the 4-hour timeframe. The daily trend remains neutral, while the broader weekly structure displays a bearish bias. Momentum indicators suggest a bearish trend with RSI near 40 (RSI at 39.98) and the MACD hinting at bearish momentum.
Moderate volume confirms this bearish sentiment. Volatility (HV10 ≈ 0.22) indicates caution.
**Key Levels to Monitor:**
• Support: $109,425, $108,800
• Resistance: $110,007, $111,500
• EMA Stack: EMA20 = $110,153, EMA50 = $110,781, EMA200 = $111,822
For traders, the short-term setup favors short positions. Opportunities may arise if prices hold above $110,500 or rebound from $108,800. A daily close beyond those zones could potentially propel momentum toward $111,500, while failure to defend support might invite a pullback towards $107,500.
Macro sentiment remains cautious, aligning with trends observed across other major cryptocurrencies like Ethereum.
**Source:** CryptoMarketDarts (https://cryptomarketdarts.com) — Join us for real-time intra-day updates and expert insights on major cryptocurrencies.