BTC/ETH Midday Technical Watch | October 17, 11:00 Beijing time
Binance spot: BTC around 81,475 USDT, 24H -0.66%; ETH around 2,422, -0.67%.
Using 24-hour extremes as potential levels to watch: BTC support at 80,809 and resistance at 82,941; ETH support at 2,393 and resistance at 2,494. Both are in the lower half of their ranges and below their 24H volume-weighted average prices of approximately 81,825/2,447. The snapshot is weak, but it is too early to conclude that the trend has reversed.
First, watch whether prices can reclaim their averages and hold above them. If they fall below the range lows, the existing range-bound assumption will need to be reassessed. These extremes are not verified strong support levels, and prices may change.
Source: Binance 24H ticker; not investment advice. #BTC #ETH
Binance spot: BTC around 81,475 USDT, 24H -0.66%; ETH around 2,422, -0.67%.
Using 24-hour extremes as potential levels to watch: BTC support at 80,809 and resistance at 82,941; ETH support at 2,393 and resistance at 2,494. Both are in the lower half of their ranges and below their 24H volume-weighted average prices of approximately 81,825/2,447. The snapshot is weak, but it is too early to conclude that the trend has reversed.
First, watch whether prices can reclaim their averages and hold above them. If they fall below the range lows, the existing range-bound assumption will need to be reassessed. These extremes are not verified strong support levels, and prices may change.
Source: Binance 24H ticker; not investment advice. #BTC #ETH