Quick check before the market opens. BTC is currently stuck at 78,569, up +0.20% over the last 24h, and the overall bias is slightly bullish. ETH is around 2,469, down -0.02% over the last 24h, and it’s also somewhat weak.
The range BTC traded in overnight was 77,392 to 79,250—this area is pretty critical. If the market opens with volume and can hold above the 79,250 area, sentiment for the short term will improve a lot; on the other hand, if it gets dumped below 77,392 right at the open, then today is likely to be a ranging day.
For ETH, I’m looking more at BTC’s face (direction). If Bitcoin doesn’t give direction, it’s hard for Ethereum to move independently. Trading volume is 798 million USDT—not very active—which suggests everyone is waiting for the market open signal.
I won’t take action right at the open. I’ll watch for the first half hour to confirm the direction. For now, I’ll reduce my position first.
#BTC #ETH #早盘 #Market outlook
The range BTC traded in overnight was 77,392 to 79,250—this area is pretty critical. If the market opens with volume and can hold above the 79,250 area, sentiment for the short term will improve a lot; on the other hand, if it gets dumped below 77,392 right at the open, then today is likely to be a ranging day.
For ETH, I’m looking more at BTC’s face (direction). If Bitcoin doesn’t give direction, it’s hard for Ethereum to move independently. Trading volume is 798 million USDT—not very active—which suggests everyone is waiting for the market open signal.
I won’t take action right at the open. I’ll watch for the first half hour to confirm the direction. For now, I’ll reduce my position first.
#BTC #ETH #早盘 #Market outlook