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Sunday, November 2, Bitcoin is moving within a range of $110,896 to $111,087 over the last 60 minutes, providing a market capitalization of $2.21 trillion and generating a 24-hour trading volume of $32.63 billion. The intraday price range has fluctuated between $109,713 and $111,129, attracting the attention of breakout watchers, but ultimately keeping its cards close to the chest.
On the 1-hour chart, Bitcoin clings to cautious optimism. The price bounced off $109,422 and rose to $111,129, forming a clear structure of higher lows — classic behavior for short-term bulls. Volume noticeably increased on the last green candle, hinting that some traders are still eager for growth at these levels.
Nevertheless, the momentum fades just before resistance, indicating a market that wants to move but keeps checking its shoelaces. If this flirt with resistance at $111,500–$112,000 means anything, a bold continuation will be required — preferably against a backdrop of real volume, rather than hope and hype.
Moving to the 4-hour chart, the mood becomes gloomier. After a decisive drop to $106,303, Bitcoin staged a lively little comeback, forming what can be called a rounded bottom ( or simply a slightly optimistic cup ). The recurring rejection at the $111,000–$111,500 level reveals a chronic high syndrome of the market at these levels. Decreasing volume on the upward movement is your classic "who's even watching this rally?" red flag. A breakout with volume could take us to $114,000, but if the ceiling holds, we are looking at soft support zones at $109,500 and $108,500, like cautious renters unsure if they want to renew their lease.