Spot rhythm: act today or wait
The US stock market has had a lot of discussion these past two days—so let’s talk about the related tape.
BTC 86406 (+1.15%), 24h range 85157-87279. ETH 2748 (+0.57%), ETH/BTC 0.0318.
On the spot side, we see two key support levels for BTC: one is 63200-62800, and the other is 61500.
Spot rhythm: it’s not suitable to chase from your current position; wait for a pullback to the key supports and scale in in batches.
Reference levels:
- BTC spot: your current BTC price is less than 1% away from the 20-day moving average; the area near the moving average is usually where you scale in in portions.
- ETH spot: 1850 for ETH is the current watershed level; below that, 1750 is the truly strong support zone.
If it pulls back, where would you buy?
#BTC #spot
For personal observation only and does not constitute investment advice.
The US stock market has had a lot of discussion these past two days—so let’s talk about the related tape.
BTC 86406 (+1.15%), 24h range 85157-87279. ETH 2748 (+0.57%), ETH/BTC 0.0318.
On the spot side, we see two key support levels for BTC: one is 63200-62800, and the other is 61500.
Spot rhythm: it’s not suitable to chase from your current position; wait for a pullback to the key supports and scale in in batches.
Reference levels:
- BTC spot: your current BTC price is less than 1% away from the 20-day moving average; the area near the moving average is usually where you scale in in portions.
- ETH spot: 1850 for ETH is the current watershed level; below that, 1750 is the truly strong support zone.
If it pulls back, where would you buy?
#BTC #spot
For personal observation only and does not constitute investment advice.