$BTC surged from around 77,000 to above 81,000 overnight. The key isn’t just the size of the move—it’s that the mainstream coins are finally moving in sync.
As of 09:00, BTC is about $81,007, up +5.24% over 24 hours, with a high of $82,283; $ETH is about $2,502, up +5.54%; and $BNB is about $723, up +5.32%. BTC has already broken above the 4-hour EMA20 around 78,921 and the EMA50 around 78,723. Current open positions are about 112,906 BTC, indicating this leg higher has brought in additional new positions—not merely short covering.
However, the 4-hour RSI14 is around 77.6, which is clearly overheated in the short term. Today, don’t chase candles that have run too far away from the moving averages. Instead, focus on whether the 79,000—79,500 area can turn into support on a pullback. If that level breaks, the risk of a rapid retreat after the spike will rise quickly. #BTC #ETH #Market analysis
As of 09:00, BTC is about $81,007, up +5.24% over 24 hours, with a high of $82,283; $ETH is about $2,502, up +5.54%; and $BNB is about $723, up +5.32%. BTC has already broken above the 4-hour EMA20 around 78,921 and the EMA50 around 78,723. Current open positions are about 112,906 BTC, indicating this leg higher has brought in additional new positions—not merely short covering.
However, the 4-hour RSI14 is around 77.6, which is clearly overheated in the short term. Today, don’t chase candles that have run too far away from the moving averages. Instead, focus on whether the 79,000—79,500 area can turn into support on a pullback. If that level breaks, the risk of a rapid retreat after the spike will rise quickly. #BTC #ETH #Market analysis