BTC lost the 80509 daily buy point at midday, and the bulls are still paying to wait in line
Here are the midday figures: BTC is currently at 80220.8, down 0.92%, with a 24-hour low of 79666.9. Price is now below the daily buy point at 80509.47. A textbook breakdown—too bad nobody read the book.
Even more ironic is the funding rate: BTC’s is 0.0009%, positive. Price is below the pivot, yet traders holding positions are still paying to keep them open. That’s not conviction; it’s paying rent to the exchange.
ETH is in even worse shape at 2320.65, down 1.46%, and has also slipped below its daily buy point at 2322.6. Its 24-hour high of 2391.49 now looks like a photo from another era. Want to talk about a reversal? First reclaim the pivot at 2357.04. You can’t skip a single step.
The most impressive piece of performance art in the market is XRP: down 2.42%, the biggest loser, yet its funding rate of 9.468e-05 is the highest of the bunch. Taking a beating while paying for the privilege—bulls’ volunteer spirit is truly touching. The daily buy point at 1.31 is gone; the only reference left is the 24-hour low at 1.286.
The only one in the green is BNB, at 755.38, up 1.14%, sitting right on the pivot at 755.09, with a sell point overhead at 767.85. The broader market is bleeding and it’s up a point. That’s not strength—the stage is just small. Don’t rush to write a long post about it.
Direction: bearish. If BTC’s rebound can’t reclaim 80509.47, the weak trend isn’t over; the next level to watch below is 79666.9. Only if it can get back above 81154.73 is it worth talking about a reversal to strength. Midday trading volume: BTC 11.15B, ETH 7.87B. Volume hasn’t shrunk, which means it’s not that nobody’s trading—it’s that people with long positions are taking turns getting out.
The worst thing to do right now is ask “Can I still hold?” at the breakdown level. The most important thing is to watch closely and see whether 80509.47 can be reclaimed. The market never answers questions; it just collects tuition.
$BTC Daily sell point: $81954 Daily buy point: $80509
$ETH Daily sell point: $2393 Daily buy point: $2322.6
$BNB Daily sell point: $767.85 Daily buy point: $747.39
$BTC #BTC $ETH #ETH
Here are the midday figures: BTC is currently at 80220.8, down 0.92%, with a 24-hour low of 79666.9. Price is now below the daily buy point at 80509.47. A textbook breakdown—too bad nobody read the book.
Even more ironic is the funding rate: BTC’s is 0.0009%, positive. Price is below the pivot, yet traders holding positions are still paying to keep them open. That’s not conviction; it’s paying rent to the exchange.
ETH is in even worse shape at 2320.65, down 1.46%, and has also slipped below its daily buy point at 2322.6. Its 24-hour high of 2391.49 now looks like a photo from another era. Want to talk about a reversal? First reclaim the pivot at 2357.04. You can’t skip a single step.
The most impressive piece of performance art in the market is XRP: down 2.42%, the biggest loser, yet its funding rate of 9.468e-05 is the highest of the bunch. Taking a beating while paying for the privilege—bulls’ volunteer spirit is truly touching. The daily buy point at 1.31 is gone; the only reference left is the 24-hour low at 1.286.
The only one in the green is BNB, at 755.38, up 1.14%, sitting right on the pivot at 755.09, with a sell point overhead at 767.85. The broader market is bleeding and it’s up a point. That’s not strength—the stage is just small. Don’t rush to write a long post about it.
Direction: bearish. If BTC’s rebound can’t reclaim 80509.47, the weak trend isn’t over; the next level to watch below is 79666.9. Only if it can get back above 81154.73 is it worth talking about a reversal to strength. Midday trading volume: BTC 11.15B, ETH 7.87B. Volume hasn’t shrunk, which means it’s not that nobody’s trading—it’s that people with long positions are taking turns getting out.
The worst thing to do right now is ask “Can I still hold?” at the breakdown level. The most important thing is to watch closely and see whether 80509.47 can be reclaimed. The market never answers questions; it just collects tuition.
$BTC Daily sell point: $81954 Daily buy point: $80509
$ETH Daily sell point: $2393 Daily buy point: $2322.6
$BNB Daily sell point: $767.85 Daily buy point: $747.39
$BTC #BTC $ETH #ETH