A quick overview of cryptocurrency basics: How to read candlestick charts
· The crypto market operates 24/7. The “open” of a daily candlestick is simply a time point determined by the time zone. Binance’s daily candles default to UTC midnight (8:00 a.m. Beijing time); the chart’s time zone setting takes precedence.
· Candlesticks can be viewed across different intervals: 1 minute, 15 minutes, 1 hour, 4 hours, daily, weekly, and so on. The longer the interval, the more trading activity each candlestick represents.
Here’s a market update: $BTC Current price: 83458, 24h +2.6%.
#BTC
· The crypto market operates 24/7. The “open” of a daily candlestick is simply a time point determined by the time zone. Binance’s daily candles default to UTC midnight (8:00 a.m. Beijing time); the chart’s time zone setting takes precedence.
· Candlesticks can be viewed across different intervals: 1 minute, 15 minutes, 1 hour, 4 hours, daily, weekly, and so on. The longer the interval, the more trading activity each candlestick represents.
Here’s a market update: $BTC Current price: 83458, 24h +2.6%.
#BTC