BTC broke below support again tonight, bro 😅
BTC $82.3K (-1.35%), and the whole market is in the red: ETH $2,531 (-1.47%), SOL -3.44%. BTC's 1H RSI is down to just 28 — in oversold territory. Selling pressure is starting to fade, but price is still below both the EMA20 and EMA50, so there's no reversal signal yet.
A few faint bright spots: ZEC drew massive volume of $212M despite being down 8.5%, while PUMP had $62M in volume (-8.8%). On the green side, W is up 19.8%, ERA 18.9%, and ALGO 11.1%, but their volume isn't high enough to lift the whole market.
The macro backdrop isn't looking good tonight: U.S. jobless claims came in at just 197K at 19:30, below expectations of 200K — the labor market is still strong, so the Fed has even less reason to ease policy. Governor Waller also hinted that "rates may need to rise further if the data comes in as expected." 10-year Treasury yields climbed to 5.328%, and oil prices surged amid tensions with Iran. This backdrop is putting short-term pressure on crypto, bro.
The next 18-hour scenarios (see chart):
🟢 Scenario 1: Holds support around 82K; oversold dip-buying pushes price back up to resistance at 84.3K.
🔴 Scenario 2: Breaks below 82K, then tests lower levels around 80.5–81K.
Avoid FOMO-buying the dip tonight. Wait for price to hold above the EMA20 (83K), then reassess.
$BTC $ETH
Data analysis, not investment advice.
#Bitcoin #Crypto #Binance
BTC $82.3K (-1.35%), and the whole market is in the red: ETH $2,531 (-1.47%), SOL -3.44%. BTC's 1H RSI is down to just 28 — in oversold territory. Selling pressure is starting to fade, but price is still below both the EMA20 and EMA50, so there's no reversal signal yet.
A few faint bright spots: ZEC drew massive volume of $212M despite being down 8.5%, while PUMP had $62M in volume (-8.8%). On the green side, W is up 19.8%, ERA 18.9%, and ALGO 11.1%, but their volume isn't high enough to lift the whole market.
The macro backdrop isn't looking good tonight: U.S. jobless claims came in at just 197K at 19:30, below expectations of 200K — the labor market is still strong, so the Fed has even less reason to ease policy. Governor Waller also hinted that "rates may need to rise further if the data comes in as expected." 10-year Treasury yields climbed to 5.328%, and oil prices surged amid tensions with Iran. This backdrop is putting short-term pressure on crypto, bro.
The next 18-hour scenarios (see chart):
🟢 Scenario 1: Holds support around 82K; oversold dip-buying pushes price back up to resistance at 84.3K.
🔴 Scenario 2: Breaks below 82K, then tests lower levels around 80.5–81K.
Avoid FOMO-buying the dip tonight. Wait for price to hold above the EMA20 (83K), then reassess.
$BTC $ETH
Data analysis, not investment advice.
#Bitcoin #Crypto #Binance