$BTC With this 2.19% move, I’m leaning bullish and waiting for a pullback—not rushing to chase the hype. I’m thinking of picking some up around 82,400–82,800, using the midpoint of the 24h move from roughly 81,550 to 83,340. I’ll admit I’m wrong if it breaks below 81,500, since that would wipe out today’s gains.
Market breadth: 18/21 advancing. That 85.7% puts me at ease, but the Fear & Greed Index at 63 (Greed) makes me wary of chasing. The $ETH long/short ratio of 2.57 is much noisier than $BTC ’s 1.31, and the funding rate at +0.0100% isn’t overheated yet, suggesting longs haven’t crowded into one trade. I’m eyeing roughly 84,250 first, then about 85,150—targets set around half and the full 24h gain of 2.19%. If we fall back below 81,500, I’ll put this bullish thesis on hold.
A fresh IOSG report says Papertrade’s daily revenue is second only to Tether, and that it gives 90% of its rake back to losing traders. Sounds like casino cashback, and the market is buzzing like it’s handing out prizes. With breadth like this, would you wait for a pullback or chase for fear of missing out?
Going long $BTC .
#Binance #BTC #ETH #Market
Market breadth: 18/21 advancing. That 85.7% puts me at ease, but the Fear & Greed Index at 63 (Greed) makes me wary of chasing. The $ETH long/short ratio of 2.57 is much noisier than $BTC ’s 1.31, and the funding rate at +0.0100% isn’t overheated yet, suggesting longs haven’t crowded into one trade. I’m eyeing roughly 84,250 first, then about 85,150—targets set around half and the full 24h gain of 2.19%. If we fall back below 81,500, I’ll put this bullish thesis on hold.
A fresh IOSG report says Papertrade’s daily revenue is second only to Tether, and that it gives 90% of its rake back to losing traders. Sounds like casino cashback, and the market is buzzing like it’s handing out prizes. With breadth like this, would you wait for a pullback or chase for fear of missing out?
Going long $BTC .
#Binance #BTC #ETH #Market