📊 BTC $78,626 🔴-0.0% | ETH $2,491 🟢+0.0% | SOL $103 🔴-0.7% | BNB $740 🔴-1.9% | BTC Dom 15.8% | Fear&Greed 66 Greed
Bro, the market today is completely range-bound. BTC has been stuck around $78.6k — there’s no momentum up and no breakdown down. RSI at 45 is saying it’s neutral; MACD is also giving a bearish signal, but there’s no conviction. Volume is also very weak, which suggests big players are sitting on the sidelines. Check the macro picture — Gold is at $4,397, near its all-time high. Oil has moved above $100, which has increased inflation concerns. Today there’s an ECB policy announcement, and on Friday US inflation data is coming. Until these events become clear, the market isn’t giving direction to anyone. For BTC, the $77.7k support is very strong — if that breaks, the path could open up to $75k. But resistance at $79.5k is also just as strong. For now, the safe play is to wait, because the market hasn’t made up its mind. NEAR is up +8.9% today, while ARB is down -9.4%. The Layer2 and DeFi sectors are weaker. BTC dominance is at 15.8% — that also indicates there’s no clear direction in altcoins. My personal view — the market is in a consolidation phase. Don’t chase FOMO; wait for the breakdown, or for a close above $79.5k. Until then, staying in cash is best. What do you all think — will there be a bounce at the $77.7k support, or will we go down to $75k?
👀 Poll time — BTC support is at $77.6K, resistance is at $80.6K. What do you think, which side will break?
🟢 Break upward above $80.6K, or 🔴 a move below $77.6K? Comment — the trend with the most votes will be updated tomorrow! 👇
⚠️ Personal analysis, not financial advice.
#Trading #Binance #Bitcoin #Ethereum #Crypto
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Disclaimer: My personal analysis, not financial advice. DYOR.
Bro, the market today is completely range-bound. BTC has been stuck around $78.6k — there’s no momentum up and no breakdown down. RSI at 45 is saying it’s neutral; MACD is also giving a bearish signal, but there’s no conviction. Volume is also very weak, which suggests big players are sitting on the sidelines. Check the macro picture — Gold is at $4,397, near its all-time high. Oil has moved above $100, which has increased inflation concerns. Today there’s an ECB policy announcement, and on Friday US inflation data is coming. Until these events become clear, the market isn’t giving direction to anyone. For BTC, the $77.7k support is very strong — if that breaks, the path could open up to $75k. But resistance at $79.5k is also just as strong. For now, the safe play is to wait, because the market hasn’t made up its mind. NEAR is up +8.9% today, while ARB is down -9.4%. The Layer2 and DeFi sectors are weaker. BTC dominance is at 15.8% — that also indicates there’s no clear direction in altcoins. My personal view — the market is in a consolidation phase. Don’t chase FOMO; wait for the breakdown, or for a close above $79.5k. Until then, staying in cash is best. What do you all think — will there be a bounce at the $77.7k support, or will we go down to $75k?
👀 Poll time — BTC support is at $77.6K, resistance is at $80.6K. What do you think, which side will break?
🟢 Break upward above $80.6K, or 🔴 a move below $77.6K? Comment — the trend with the most votes will be updated tomorrow! 👇
⚠️ Personal analysis, not financial advice.
#Trading #Binance #Bitcoin #Ethereum #Crypto
--
Disclaimer: My personal analysis, not financial advice. DYOR.
