According to @CryptoMichNL, markets saw a good bounce as US trading hours began, drawing attention to Bitcoin’s intraday setup (source: @CryptoMichNL on X, Nov 21, 2025). He notes the upcoming PMI release as a near-term catalyst to watch for BTC price action (source: @CryptoMichNL on X, Nov 21, 2025). He highlights $86.8K as the open level to gauge whether BTC can recover toward that mark during the session (source: @CryptoMichNL on X, Nov 21, 2025).

According to the source, Bitcoin (BTC) rebounded as the broader crypto market turned green, signaling a positive session after recent weakness. According to the source, the key question for traders is where prices go next following this bounce, but the update does not provide specific price levels, volume data, or on-chain metrics. According to the source, the focus is on short-term direction after the initial move rather than a long-term outlook.