【Top 10 Crypto Traders' Highlights Today｜ETH August 18】
Conclusion: Don’t rush the direction for ETH at midday—first wait for the narrow consolidation between 1889 and 1903 to break.
Original View: Daan Crypto Trades (@DaanCrypto) said 7 hours ago that BTC is still consolidating; in the current setup the bias is neutral, so it’s best to wait for a breakout before reacting—don’t place a directional bet early. 11 hours ago they said the altcoins’ total market cap has been in low volatility for two months; next, a big candle could appear in either direction.
Editor’s Scenario: ETH is currently around 1894. The 24-hour low is 1889 and the high is 1919. The funding rate is only 0.002088%.
Main Path: If 1889 holds and price reclaims 1903, look to 1919 in the afternoon. If it breaks below 1889, give up the rebound idea and first watch for a pullback to continue.
Risk: False breakouts after low volatility and liquidation sweeps from leverage can greatly amplify losses. Will you wait for the breakout, or set up a position early?
#BTC #ETH #BNB
Conclusion: Don’t rush the direction for ETH at midday—first wait for the narrow consolidation between 1889 and 1903 to break.
Original View: Daan Crypto Trades (@DaanCrypto) said 7 hours ago that BTC is still consolidating; in the current setup the bias is neutral, so it’s best to wait for a breakout before reacting—don’t place a directional bet early. 11 hours ago they said the altcoins’ total market cap has been in low volatility for two months; next, a big candle could appear in either direction.
Editor’s Scenario: ETH is currently around 1894. The 24-hour low is 1889 and the high is 1919. The funding rate is only 0.002088%.
Main Path: If 1889 holds and price reclaims 1903, look to 1919 in the afternoon. If it breaks below 1889, give up the rebound idea and first watch for a pullback to continue.
Risk: False breakouts after low volatility and liquidation sweeps from leverage can greatly amplify losses. Will you wait for the breakout, or set up a position early?
#BTC #ETH #BNB