# Analysis and Position Management in Bitcoin (BTC)

Morning Brief · Morning Brief · Published November 5, 2026 · By [Anthony Asuaje](https://walkeranthony.com/about/), Walker Strategies
Canonical URL: https://walkeranthony.com/brief/2026-11-05/

A medium-term decline is highly likely; however, today Bitcoin rose by nearly 4% to approximately 80,100. If it does not surpass 82,000 soon, it is very likely to pull back—perhaps to 79,000. I currently have an open short position in BTC, targeting 75,000, which I intend to hold for the next two months; however, if the price breaks above 82,600, I will close the position due to a change in market

## Crypto, last 24 hours

- Bitcoin: $80,498 (+4.1%)
- Ethereum: $2,425 (+6.3%)
- Solana: $96.34 (+4.4%)
- XRP: $1.31 (+3.1%)
- BNB: $714.90 (+3.0%)
- ETH/BTC: 0.0301 (+2.2%)
- Crypto market cap: $2.82T (+4.9%)
- Bitcoin dominance: 57.4%

## Flows & liquidity

- Bitcoin ETFs, net flow: −$115.6M · Tue, Nov 3 · Wed, Nov 4 still reporting
- Ether ETFs, net flow: −$85.3M · Tue, Nov 3 · Wed, Nov 4 still reporting
- Stablecoin supply: $295.1B (−$6.5B) · 7-day change

## Derivatives & sentiment

- BTC funding, annualized: 3.7% (−3.3 pp) · 24h average
- BTC implied vol (DVOL): 38.1 (±0.0)
- Fear & Greed: 50 (+16) · Neutral

## US macro, last close

- S&P 500: 7,689 (+1.6%) · Wed, Nov 4
- Nasdaq 100: 28,437 (+0.9%) · Wed, Nov 4
- US 10Y yield: 4.89% (−6 bps) · Wed, Nov 4
- Dollar index (DXY): 101.25 (−0.60%) · ECB rates · Wed, Nov 4

Current situation: Bitcoin has risen by nearly 4% to $80,100.

Bearish scenario: If it fails to surpass $82,000 in the near term, it could pull back toward $79,000, with a bearish outlook for the medium term.

Strategy: A short position on BTC remains open, with a target of $75,000 over the next 2 months.

Risk management: The trade will be invalidated and closed if the price breaks above $82,600, as this would signal a change in market structure.

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Educational and informational content only. I am not a licensed financial advisor and nothing here is investment advice. Do your own research before making any decision.