Everyone, I went through a few sources today, and there’s been more talk about $BTC again. Here’s my take.
At first glance, I thought a trend reversal was coming. It took two checks to convince me this thing is actually still grinding below 80,000.
The current price of 77,338.3 is at the 12.41% percentile of the past ten days’ range of 76,270 to 84,875.2, hugging the lower end without breaking below it. It’s down 4.336% over seven days,
and down 7.985% over ten days. Any remaining momentum is nearly gone.
The funding rate is still at 0.01%, so the bulls and bears haven’t come to blows.
It’s like a pot of warm water: the heat is still on, but nobody wants to add fuel first. What’s scarce isn’t capital—it’s the coins willing to spark a move.
Trading volume hasn’t collapsed, though: about 17 billion USDT in 24-hour volume, supported by fourteen green candles.
The holders are still sticking together. $ETH is moving sideways, and $SOL isn’t budging either. The money is waiting for a signal.
Buyers stepping in are like the tide going out: prices rise sluggishly, but when they fall, they plunge. With the percentile this low and nobody buying, my own view is to keep watching and wait until it firmly tests the bottom of the range before drawing conclusions.
What do you all think—is this a bottom or just a pause before another move? Let’s discuss in the comments.
#比特币 #以太坊 #Cryptocurrency
The above reflects my personal trading-system notes and observations of the data. It is not investment advice.
At first glance, I thought a trend reversal was coming. It took two checks to convince me this thing is actually still grinding below 80,000.
The current price of 77,338.3 is at the 12.41% percentile of the past ten days’ range of 76,270 to 84,875.2, hugging the lower end without breaking below it. It’s down 4.336% over seven days,
and down 7.985% over ten days. Any remaining momentum is nearly gone.
The funding rate is still at 0.01%, so the bulls and bears haven’t come to blows.
It’s like a pot of warm water: the heat is still on, but nobody wants to add fuel first. What’s scarce isn’t capital—it’s the coins willing to spark a move.
Trading volume hasn’t collapsed, though: about 17 billion USDT in 24-hour volume, supported by fourteen green candles.
The holders are still sticking together. $ETH is moving sideways, and $SOL isn’t budging either. The money is waiting for a signal.
Buyers stepping in are like the tide going out: prices rise sluggishly, but when they fall, they plunge. With the percentile this low and nobody buying, my own view is to keep watching and wait until it firmly tests the bottom of the range before drawing conclusions.
What do you all think—is this a bottom or just a pause before another move? Let’s discuss in the comments.
#比特币 #以太坊 #Cryptocurrency
The above reflects my personal trading-system notes and observations of the data. It is not investment advice.
