Market Brief｜BTC and ETH are both below the window average price, with BTC deviating more
BTC’s current price is about 1.14% lower than the average transaction price during this window, while ETH is about 0.84% lower. Both are trading below their respective average prices, with BTC farther away. When observing today, first see whether BTC can move closer to the average price; don’t judge the relative strength of the two solely based on this decline. This comparison only indicates the relative position of the quotes versus the window average transaction price and cannot, by itself, explain the trading reasons. In the next check, confirm whether the deviation of both narrows or continues to widen.
BTC’s current price is about 1.14% lower than the average transaction price during this window, while ETH is about 0.84% lower. Both are trading below their respective average prices, with BTC farther away. When observing today, first see whether BTC can move closer to the average price; don’t judge the relative strength of the two solely based on this decline. This comparison only indicates the relative position of the quotes versus the window average transaction price and cannot, by itself, explain the trading reasons. In the next check, confirm whether the deviation of both narrows or continues to widen.