Yesterday I was still waiting for BNB to climb back above 770 on its own. This morning it fell to 728, putting 770 even further away.
Binance Square · Daily Market Snapshot | Day 25
I. The Big Three
$BTC 81558 (-2.7%, 7-day -5.2%)｜$ETH 2430 (-4.5%, 7-day -10.7%, weakest)｜$BNB 728 (-3.3%, 7-day -7.8%)
II. Sentiment
Fear & Greed: 57, Greed (69 yesterday). Prices are moving down, and sentiment softened by 12 points first.
III. My take today
All three are in the red over 7 days, and ETH has given back a tenth in a week. The gains from early yesterday have been wiped out; I don't consider this a reversal. I'm not watching 770 today. I'll wait for $BNB to stabilize before redrawing the lines. I'm not buying today.
This column is published every morning, with the days numbered consecutively so you can look back.
Binance Square · Daily Market Snapshot | Day 25
I. The Big Three
$BTC 81558 (-2.7%, 7-day -5.2%)｜$ETH 2430 (-4.5%, 7-day -10.7%, weakest)｜$BNB 728 (-3.3%, 7-day -7.8%)
II. Sentiment
Fear & Greed: 57, Greed (69 yesterday). Prices are moving down, and sentiment softened by 12 points first.
III. My take today
All three are in the red over 7 days, and ETH has given back a tenth in a week. The gains from early yesterday have been wiped out; I don't consider this a reversal. I'm not watching 770 today. I'll wait for $BNB to stabilize before redrawing the lines. I'm not buying today.
This column is published every morning, with the days numbered consecutively so you can look back.