Todays rebound still can’t be called a reversal. Before 9:36, $BTC was around 83,346, up 0.65% over 24 hours. Near 82,500 yesterday, there was indeed support/absorption; however, the price is still below the 1-hour EMA20/50 at 83,537/83,625, and also below the 4-hour EMA20 at 83,699. The 1-hour RSI is about 30.6.
Market participation hasn’t confirmed strong momentum: BTC open interest over 24 hours is down 0.16%, and the funding rate is around 0.006%. In comparison, $BNB ’s price is only up 0.66%, but open interest has increased 1.85%. Still, it’s being capped by the 4-hour EMA20 around 765.3—positions increase first, while price hasn’t broken through yet, making it easier to amplify subsequent volatility.
Today, prioritize watching whether BTC can reclaim 83,700—83,800, and also whether BNB can hold above 765. If both continue to be blocked, BTC may still retest 82,700—82,500. At the moment, it’s more suitable to wait for confirmation rather than treating a low-level rebound directly as a trend reversal.#BTC #BNB #Market Watch
Market participation hasn’t confirmed strong momentum: BTC open interest over 24 hours is down 0.16%, and the funding rate is around 0.006%. In comparison, $BNB ’s price is only up 0.66%, but open interest has increased 1.85%. Still, it’s being capped by the 4-hour EMA20 around 765.3—positions increase first, while price hasn’t broken through yet, making it easier to amplify subsequent volatility.
Today, prioritize watching whether BTC can reclaim 83,700—83,800, and also whether BNB can hold above 765. If both continue to be blocked, BTC may still retest 82,700—82,500. At the moment, it’s more suitable to wait for confirmation rather than treating a low-level rebound directly as a trend reversal.#BTC #BNB #Market Watch