$BTC Sunday evening report: $80,456, with a 24-hour range of $79,121–$80,919. The range was only about 2.3%, making it the calmest day in recent days.
Over the same period, $ETH was at $2,336, down about 0.8%, while $SOL was at $101, down about 1.1%. Smaller coins fell slightly more than $BTC , suggesting that weekend trading was defensive.
My take: this looks more like a “holding one’s breath” ahead of next week’s Fed meeting than a directional move. Three things to watch: first, $SOL dipped to an intraday low of 98.5—will the $100 level be tested repeatedly? Second, can $ETH hold its intraday low of 2,280? Third, will trading volume pick up during Monday’s Asian session?
The longer the market stays range-bound, the more concentrated volatility tends to be when volume finally surges.
#加密市场 #BTC outlook
Personal opinion only. The author may hold assets mentioned in this post. This is not investment advice. DYOR
Over the same period, $ETH was at $2,336, down about 0.8%, while $SOL was at $101, down about 1.1%. Smaller coins fell slightly more than $BTC , suggesting that weekend trading was defensive.
My take: this looks more like a “holding one’s breath” ahead of next week’s Fed meeting than a directional move. Three things to watch: first, $SOL dipped to an intraday low of 98.5—will the $100 level be tested repeatedly? Second, can $ETH hold its intraday low of 2,280? Third, will trading volume pick up during Monday’s Asian session?
The longer the market stays range-bound, the more concentrated volatility tends to be when volume finally surges.
#加密市场 #BTC outlook
Personal opinion only. The author may hold assets mentioned in this post. This is not investment advice. DYOR