Technical analysis by Maddox_Metrics about Symbol BTC on 11/8/2025

BTC Price continues in a shallow range, down 22% from the all-time high, but sentiment is nearing extreme fear. This complex correction appears complete at the trend-line boundary, where I bought, but I am giving it room for one more push lower to complete 5 waves down for Y. If wave 2 ends here, wave 3 is expected to be powerful and fast. Price is below the daily 200EMA, which will offer some resistance at a High Volume Node. For now, the trend is down, and so further downside is the higher probability. 📈 Daily RSI has not reached oversold like all the other ranges did and is still bearish with no divergences. 👉 Continued downside brings up the next High Volume Node at $92000 Safe trading