Macro Overview
- US Fed Interest Rate: The US Federal Reserve cut interest rates by 0.25%, bringing them down from 4.25% to 4%, in line with market expectations. While a 0.25% cut was widely anticipated, traders had hoped for a deeper 0.5% cut to boost sentiment. As a result, markets initially moved sideways before turning bearish, with increased volatility following the announcement. The decline was further fueled by concerns over a potential US government shutdown, adding to the cautious outlook among investors.
Crypto Markets Overview
- Market Movement: This week, the crypto market experienced a -6.05% fall, bringing the total market capitalization to $3.42 trillion. Notably, BTC saw a fall of -5.21% and ETH saw a fall of -9.94%. Bitcoin’s dominance stands at 60.69%, while Ethereum’s holds at 12.37%
- Over $1.3 Billion in Crypto Liquidations as Bitcoin Drops Below $104,000: Bitcoin plunged below $104,000, marking its lowest level in two weeks and triggering over $1.3 billion in leveraged liquidations, mostly from long positions. The sharp decline comes amid ETF outflows, profit-taking by long-term holders, and a risk-off sentiment across markets. Market volatility remains high as traders brace for further downside.
- Vitalik Buterin Hails ZKsync’s Atlas Upgrade for Faster, Cheaper Ethereum Transactions: ZKsync has launched its Atlas upgrade, achieving speeds of 15,000 TPS, one-second finality, and near-zero fees — a major leap for Ethereum scalability. The upgrade makes Ethereum the main liquidity hub, enabling near-instant transfers between Layer-2 networks. Ethereum co-founder Vitalik Buterin praised the update, calling it a significant step toward faster and cheaper Ethereum transactions.
- Zcash Creator ECC Reveals Q4 2025 Roadmap: Electric Coin Co. (ECC), the team behind Zcash (ZEC) and the Zashi wallet, shared its Q4 2025 roadmap as ZEC’s price and shielded supply rise. The update focuses on better privacy, usability, and security, with plans to add new address features, improved Keystone wallet support, and multisig fund management tools.
- Ether. fi DAO Proposes $50 Million Token Buyback: Ether. fi DAO has proposed using $50 million from its treasury to buy back ETHFI tokens when prices drop below $3, aiming to support liquidity and stabilize value. With ETHFI trading below $1, the plan could soon take effect. The move follows a growing trend among DeFi projects using token buybacks to boost confidence and mimic traditional corporate strategies.
- Aster Surges After CZ Reveals $2.5M Investment, Then Dumps as Whales Short: Aster’s token jumped over 30% after Binance co-founder Changpeng “CZ” Zhao disclosed he personally bought $2.5 million worth of Aster on Binance, saying he’s “not a trader” and prefers to “buy and hold.” The price spiked from $0.91 to $1.26, but later dumped over 30% as whales opened heavy short positions, reversing most of the gains.
“Big Picture: Upcoming Weeks’ Key Economic Events”
| DATE | TIME | EVENT | USUAL EFFECT |
| Nov-5 | 6:45 PM | US Non-Farm Employment Change | Actual’ less than ‘Forecast’ is good for crypto |
| Nov-5 | 8:30 PM | US ISM Services PMI | Actual’ less than ‘Forecast’ is good for crypto |
| Nov-7 | Tentative | US Unemployment Rate | Actual’ greater than ‘Forecast’ is good for crypto |
Bitcoin Technical Analysis
Summary:
- The current sentiment around BTC is Bearish.
- Bitcoin looks bearish both technically and macro-wise after the Fed’s rate cut came out as expected, which disappointed traders hoping for a deeper cut. The price has lost its key range support, confirming weakness on both lower and higher timeframes (LTF and HTF). If the current trend continues, BTC could retest the $95,000 level in the coming days.
- Key support levels to consider are around $100,700 and $95,000. On the upside, resistance level is at $107,400 and $95,000
- It is advisable to evaluate potential entry points around the mentioned support levels for long entries and at resistance levels for short entries. Additionally, setting limits to manage potential losses is prudent.
- For profit-taking, strategically selling near the outlined resistance levels/support levels is a recommended approach. Always exercise caution and implement sound risk management practices in trading endeavours.
Ethereum Technical Analysis
Summary:
- The current sentiment around ETH appears Bearish.
- Ethereum has underperformed Bitcoin this week and continues to show signs of weakness. With BTC dominance increasing, ETH is likely to face more downside pressure in the coming days, suggesting a potential further drop before any recovery.
- Significant support levels include $3400 and $3225, while resistance level to watch is at around $3870 and $4250.
- These levels play a crucial role in determining potential price movements. It is advisable to evaluate potential entry points around the mentioned support levels for long entries and at resistance levels for short entries. Additionally, setting limits to manage potential losses is prudent
Solana Technical Analysis
Summary:
- The current sentiment around SOL is Bearish.
- Solana also declined alongside the broader market, and with Bitcoin dominance rising, it’s likely to face further downside pressure. Technically, LTF indicators all suggest bearishness, pointing to potential continued weakness in the near term.
- Key support levels to consider are around $156 and $141. On the upside, resistance level is at $177 and $205.
- It is advisable to evaluate potential entry points around the mentioned support levels for long entries and at resistance levels for short entries. Additionally, setting limits to manage potential losses is prudent.
- For profit-taking, strategically selling near the outlined resistance levels/support levels is a recommended approach. Always exercise caution and implement sound risk management practices in trading endeavours.
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