October 10 Evening Market Review | Range-Bound Recovery, Not Yet a Broad Strengthening
As of 21:38 Beijing time, Binance BTC/USDT was around 82,841. Based on daily candles for the Beijing calendar day, today opened at 82,884 and is currently down about 0.05%, with an intraday range of 82,286–83,016; the day is not yet over.
On a rolling 24-hour basis: BTC +0.29%, ETH +0.72%, BNB +1.43%, SOL +0.31%. BNB is the strongest of these four assets, but that alone does not imply a broad market rally.
BTC fell from Monday’s open of 85,256 earlier this week and has since recovered, but remains below its level at the start of the week. My view: short-term stabilization and a strengthening weekly trend are two different things. Next, watch whether a breakout above the upper end of the range can hold, rather than focusing only on intraday gains. Data source: Binance spot 24-hour ticker and daily candles in Beijing time. For discussion only.
As of 21:38 Beijing time, Binance BTC/USDT was around 82,841. Based on daily candles for the Beijing calendar day, today opened at 82,884 and is currently down about 0.05%, with an intraday range of 82,286–83,016; the day is not yet over.
On a rolling 24-hour basis: BTC +0.29%, ETH +0.72%, BNB +1.43%, SOL +0.31%. BNB is the strongest of these four assets, but that alone does not imply a broad market rally.
BTC fell from Monday’s open of 85,256 earlier this week and has since recovered, but remains below its level at the start of the week. My view: short-term stabilization and a strengthening weekly trend are two different things. Next, watch whether a breakout above the upper end of the range can hold, rather than focusing only on intraday gains. Data source: Binance spot 24-hour ticker and daily candles in Beijing time. For discussion only.