This move isn’t simple.
$BTC held steady above 80,000, up 1.78%, with a trading range of 2,300 points. The volume/turnover is 1.36B—honestly not that big—but it keeps the price supported above 80,000, which suggests solid follow-through/acceptance.
For resistance, first watch the previous high at 80,848. If that breaks, the next target is the 81,500–82,000 range. Support is at 78,546. If it falls below 78,000, I’ll consider cutting the loss.
The funding rate is still positive at 0.0085%, indicating the longs haven’t exited. But ACE/ONT/SAND have negative funding rates so sharply—while the altcoin short “air force” is still piling in. Funds are concentrated in BTC, so don’t touch the altcoins for now.
I opened a long near 80,000, with a stop-loss order at 78,500. If the risk/reward checks out, I’ll just wait.
Right now, the market is BTC-strong and altcoins-weak—don’t get it backwards.
Write2Earn market analysis
#Write2Earn #Crypto
⚠️ Personal viewpoint only; not investment advice.
$BTC held steady above 80,000, up 1.78%, with a trading range of 2,300 points. The volume/turnover is 1.36B—honestly not that big—but it keeps the price supported above 80,000, which suggests solid follow-through/acceptance.
For resistance, first watch the previous high at 80,848. If that breaks, the next target is the 81,500–82,000 range. Support is at 78,546. If it falls below 78,000, I’ll consider cutting the loss.
The funding rate is still positive at 0.0085%, indicating the longs haven’t exited. But ACE/ONT/SAND have negative funding rates so sharply—while the altcoin short “air force” is still piling in. Funds are concentrated in BTC, so don’t touch the altcoins for now.
I opened a long near 80,000, with a stop-loss order at 78,500. If the risk/reward checks out, I’ll just wait.
Right now, the market is BTC-strong and altcoins-weak—don’t get it backwards.
Write2Earn market analysis
#Write2Earn #Crypto
⚠️ Personal viewpoint only; not investment advice.