On November 9, 2026, Bitcoin traded near $74,445.35 on Binance, trying to extend a short-term rebound. The move is not a clean reversal yet. The daily pivot at $74,853.81 sits just above price, and that level is the first real test. If buyers cannot reclaim it, the bounce may be little more than a pause in a weaker daily structure.
Timeframes still disagree
The hourly chart remains bearish. Price is below its hourly EMA20 at $75,044.04, EMA50 at $75,552.15 and EMA200 at $76,986.67, and those averages are stacked in bearish order. The 15-minute chart is brighter: momentum has turned positive, with RSI rising to 46.2 and the MACD histogram moving above zero. That supports an intraday bounce, perhaps a mean-reversion move. It does not repair the daily or hourly trend.
The daily picture is also defensive. Bitcoin is under all three daily moving averages: EMA20 at $78,516.35, EMA50 at $79,482.06 and EMA200 at $76,377.72. Their ordering is mixed, so the bearish case rests more on price weakness than on a textbook daily downtrend. Daily RSI is falling at 35.6, and the negative MACD histogram is widening. Hourly RSI is oversold at 28.2. An oversold market can rebound sharply, but completed hourly readings still show damage.
Liquidations and fear set the backdrop
The drop and rebound triggered $1 billion in liquidations, which helps explain the violent price action. Total crypto market capitalization stood at $2.47 trillion, down 6.08% over 24 hours, according to CoinGecko. Bitcoin dominance was 60.20%. The Fear & Greed Index read 29, in Fear territory. Sentiment fits the weak technical backdrop, though it does not prove a floor is in place.
Key levels to watch
Below the market, the daily Bollinger lower boundary at $74,015.94 is the first support, followed by daily S1 at $73,507.63. On the hourly chart, price is above hourly R1 at $74,249.34, so that level may now act as support. The last completed hourly candle closed at $73,870.02, so the reclaim still needs confirmation from a completed candle.
A daily close above $74,853.81 would open a test of daily R1 at $76,197.63 and then the daily EMA200 at $76,377.72. A daily close below $74,015.94 would confirm a fresh downside break and put $73,507.63 in focus. Daily ATR is $2,293.88, versus $486.99 hourly and $291.58 on the 15-minute chart. That makes brief moves through nearby levels less convincing than completed closes. For now, Bitcoin is bouncing, but the daily pivot still decides whether the move has substance.
