A quick look before the market opens. BTC is currently stuck at 85,535, down 0.46% over 24h, and overall looking weak. ETH is around 2,697, down 0.71% over 24h, also looking weak.
BTC traded between 85,136 and 86,699 overnight, and this range is quite important. If it can open with strong volume and hold around 86,699, short-term sentiment will improve considerably. On the other hand, if it drops below 85,136 right after the open, today will most likely be a choppy day.
ETH is more dependent on BTC’s direction. If Bitcoin doesn’t show a clear direction, it’s hard for Ether to move independently. Trading volume is 624 million USDT—not particularly active—which suggests everyone is waiting for a signal at the open.
I won’t jump in right at the open today. I’ll watch for half an hour first and then decide once the direction is clear. Sometimes you just have to wait.
#BTC #ETH #早盘 #Market Outlook
BTC traded between 85,136 and 86,699 overnight, and this range is quite important. If it can open with strong volume and hold around 86,699, short-term sentiment will improve considerably. On the other hand, if it drops below 85,136 right after the open, today will most likely be a choppy day.
ETH is more dependent on BTC’s direction. If Bitcoin doesn’t show a clear direction, it’s hard for Ether to move independently. Trading volume is 624 million USDT—not particularly active—which suggests everyone is waiting for a signal at the open.
I won’t jump in right at the open today. I’ll watch for half an hour first and then decide once the direction is clear. Sometimes you just have to wait.
#BTC #ETH #早盘 #Market Outlook