The European session opens—knives are moving.
At 21:00 Beijing time, BTC is at 80,317 and ETH is at 2,520. In the past 4 hours, BTC surged strongly from 79,130—an advance of over 1,100 points—with volume increasing in tandem. The last candlestick’s trading value is nearly $1.3 billion, more than 2 times the average volume of the previous two candles. This isn’t random volatility; it’s the move of European capital entering the market.
━━━ Key levels ━━━
BTC: MA25 = 78,976, MA99 = 78,657, and the price has fully reclaimed all three lines. Current testing direction: 80,766 (today’s high) above. 79,300~79,500 below is the first support zone; if it breaks, look to 78,800.
ETH: Currently at 2,520, MA25 = 2,491, with a complete long-side structure. Resistance above is 2,533 (today’s high). Short-term support below is 2,490; if it breaks, it will test 2,470.
ETH long/short ratio is 2.41, far higher than BTC’s 1.03—meaning long sentiment is extremely skewed toward ETH. If the market reverses, the squeeze/forced long liquidation pressure could be even stronger.
━━━ Risks to watch tonight ━━━
First: Positioning is long-heavy, with limited upside room. BTC long/short ratio is 1.03, close to balanced. The annualized funding rate is 8.37%, mildly bullish. But ETH’s long/short ratio is as high as 2.41—if shorts gain momentum, the risk of a cascade/liquidation panic isn’t small.
Second: Can the volume hold up? The rally relied on European session entries. The New York session open (22:30 Beijing time) is the real test. If New York can’t follow through, a pullback to confirm support is likely.
Third: Psychological pressure at the BTC 80,000 round-number mark. I’ve seen this too many times—above the integer level is the hunter zone, where market liquidity is easier to shake out/flush.
━━━ What to do ━━━
If you are long: As long as the structure above 79,300 hasn’t broken, you can hold. But trim a portion near 80,766—don’t be the one getting taken onboard above the integer level.
If you have no position: Don’t chase. Wait for the New York session direction to become clear. If the pullback holds the 79,500~79,800 range, that’s a cleaner entry point.
BTC community sentiment: 62% bullish (2741 vs 1639). Places where most people are bullish are often when caution is most needed.
Tonight’s market isn’t about whether it goes up or down—it’s about who makes the first mistake.
#BTC #ETH #Night session
At 21:00 Beijing time, BTC is at 80,317 and ETH is at 2,520. In the past 4 hours, BTC surged strongly from 79,130—an advance of over 1,100 points—with volume increasing in tandem. The last candlestick’s trading value is nearly $1.3 billion, more than 2 times the average volume of the previous two candles. This isn’t random volatility; it’s the move of European capital entering the market.
━━━ Key levels ━━━
BTC: MA25 = 78,976, MA99 = 78,657, and the price has fully reclaimed all three lines. Current testing direction: 80,766 (today’s high) above. 79,300~79,500 below is the first support zone; if it breaks, look to 78,800.
ETH: Currently at 2,520, MA25 = 2,491, with a complete long-side structure. Resistance above is 2,533 (today’s high). Short-term support below is 2,490; if it breaks, it will test 2,470.
ETH long/short ratio is 2.41, far higher than BTC’s 1.03—meaning long sentiment is extremely skewed toward ETH. If the market reverses, the squeeze/forced long liquidation pressure could be even stronger.
━━━ Risks to watch tonight ━━━
First: Positioning is long-heavy, with limited upside room. BTC long/short ratio is 1.03, close to balanced. The annualized funding rate is 8.37%, mildly bullish. But ETH’s long/short ratio is as high as 2.41—if shorts gain momentum, the risk of a cascade/liquidation panic isn’t small.
Second: Can the volume hold up? The rally relied on European session entries. The New York session open (22:30 Beijing time) is the real test. If New York can’t follow through, a pullback to confirm support is likely.
Third: Psychological pressure at the BTC 80,000 round-number mark. I’ve seen this too many times—above the integer level is the hunter zone, where market liquidity is easier to shake out/flush.
━━━ What to do ━━━
If you are long: As long as the structure above 79,300 hasn’t broken, you can hold. But trim a portion near 80,766—don’t be the one getting taken onboard above the integer level.
If you have no position: Don’t chase. Wait for the New York session direction to become clear. If the pullback holds the 79,500~79,800 range, that’s a cleaner entry point.
BTC community sentiment: 62% bullish (2741 vs 1639). Places where most people are bullish are often when caution is most needed.
Tonight’s market isn’t about whether it goes up or down—it’s about who makes the first mistake.
#BTC #ETH #Night session