$BTC $ETH $SOL
BTC climbed above 79,500 this morning, then slipped back below before the market opened: around 79,400.
Yesterday it surged to a high of around 81,131, dipped to around 79,190 overnight, and was around 80,100 in the evening. Now it’s back below that level.
Honestly, on the first day of a breakout, the biggest concern isn’t a pullback—it’s failing to reclaim the level by the close.
The key today is still the same: watch the daily close, not intraday action.
U.S. stock futures have already diverged: Dow futures are up around 0.7%, while Nasdaq futures are down around 1%. Chip stocks are weighing on the market, with Qualcomm down around 10% premarket.
Initial jobless claims came in at 189,000, better than the roughly 196,000 expected. The labor market hasn’t cooled yet.
ETH is around 2,383 and SOL around 95.2; both have pulled back along with the market.
If the close holds above 79,500, the breakout can be considered intact for now, with the next level to watch around 82,000.
If it can’t reclaim that level by the close, we’ll treat this breakout as a false one for now and look for a return to the range.
Tomorrow at 8:30 a.m., the October jobs report—the first major data release since the election.
Just my personal opinion, not investment advice. I’ll follow whether the close holds in my afternoon update. Follow me for the next update.
BTC climbed above 79,500 this morning, then slipped back below before the market opened: around 79,400.
Yesterday it surged to a high of around 81,131, dipped to around 79,190 overnight, and was around 80,100 in the evening. Now it’s back below that level.
Honestly, on the first day of a breakout, the biggest concern isn’t a pullback—it’s failing to reclaim the level by the close.
The key today is still the same: watch the daily close, not intraday action.
U.S. stock futures have already diverged: Dow futures are up around 0.7%, while Nasdaq futures are down around 1%. Chip stocks are weighing on the market, with Qualcomm down around 10% premarket.
Initial jobless claims came in at 189,000, better than the roughly 196,000 expected. The labor market hasn’t cooled yet.
ETH is around 2,383 and SOL around 95.2; both have pulled back along with the market.
If the close holds above 79,500, the breakout can be considered intact for now, with the next level to watch around 82,000.
If it can’t reclaim that level by the close, we’ll treat this breakout as a false one for now and look for a return to the range.
Tomorrow at 8:30 a.m., the October jobs report—the first major data release since the election.
Just my personal opinion, not investment advice. I’ll follow whether the close holds in my afternoon update. Follow me for the next update.
