Technical analysis by ScottMelker about Symbol BTC on 11/6/2025

Decent bounce, decent volume. It is clear that there was a lot of support around $100K and that buyers were willing to step in at this key area. $100,700 was the last technical area of support above that, which is also currently holding. Yesterday closed as a beautiful reversal candle, but requires another green candle today to confirm. Tweezer bottoms (another reversal signal), also confirmed yesterday. The most likely scenario is a lot of chop moving forward for a while. The market could take time to let the dust settle from the sell off.