ETH shrugs off negative funding as prices rise; tonight BTC faces the 78,636 hurdle
Full-day recap: BTC swung between 76,270.0 and 78,081.3 all day. It’s now at 77,576.2, up 0.301%, with a trading volume of 9.93B. What do you call this kind of market? The big players are out celebrating Halloween, while retail traders scare themselves.
ETH was the highlight. It gained 0.532%, yet its funding rate is still sitting at -0.005216%. Translation: prices are rising, but shorts are still lining up to pay tuition. The market is teaching investors a lesson: fees are charged every 8 hours, no exceptions.
BTC itself looks relatively calm: funding rate at 0.0001, right around the standard level. Leverage isn’t overheated, and nobody’s FOMOing. Real tops happen when the market is buzzing with excitement—not in a Halloween ghost town like this.
BNB is the quietest of the bunch: up 0.774%, hovering around 705.43, with a trading volume of just 0.43B. Nobody seems to care about it, yet it leads the majors in gains. The ones that make the least noise are often the ones that keep moving.
XRP is at 1.2494, sitting right on the 1.24 pivot. It hasn’t picked a direction yet, so don’t take sides for it just yet.
Here’s the overnight scenario, and I’ll only say it once. If BTC holds the daily pivot at 77,453.03, the structure leans bullish: first, the day’s high at 78,081.3; a breakout would take it straight to challenge the daily sell level at 78,636.07. On the other hand, if 76,270.0 gives way, 76,129.57 is the last daily buy level below. Lose that, and the entire bullish scenario is invalidated.
ETH could be even more interesting overnight: currently at 2,247.02, with the day’s high of 2,261.48 as the first level to watch overhead. A breakout would put the daily sell level at 2,279.1 in play. Funding is still negative, so shorts keep paying every 8 hours; with every step higher in price, they pay more. That’s the fuel for the move up. Below, 2,206.36 is today’s low, and 2,190.47 is the daily buy level beyond that. If price falls below it, the story of negative funding flips on its head.
The direction in two words: bullish bias. Price is above the pivot, funding isn’t overheated, and ETH shorts are still paying to hold their positions. But a bullish bias doesn’t mean throwing caution to the wind: 76,129.57 is the line that makes or breaks this thesis. If it breaks, admit the mistake—don’t stubbornly fight the market.
On Halloween night, let the shorts tell their ghost stories.
$BTC Daily sell level: $78636 Daily buy level: $76130
$ETH Daily sell level: $2279.1 Daily buy level: $2190.47
$BNB Daily sell level: $723.68 Daily buy level: $683.04
$BTC #BTC $ETH #ETH
Full-day recap: BTC swung between 76,270.0 and 78,081.3 all day. It’s now at 77,576.2, up 0.301%, with a trading volume of 9.93B. What do you call this kind of market? The big players are out celebrating Halloween, while retail traders scare themselves.
ETH was the highlight. It gained 0.532%, yet its funding rate is still sitting at -0.005216%. Translation: prices are rising, but shorts are still lining up to pay tuition. The market is teaching investors a lesson: fees are charged every 8 hours, no exceptions.
BTC itself looks relatively calm: funding rate at 0.0001, right around the standard level. Leverage isn’t overheated, and nobody’s FOMOing. Real tops happen when the market is buzzing with excitement—not in a Halloween ghost town like this.
BNB is the quietest of the bunch: up 0.774%, hovering around 705.43, with a trading volume of just 0.43B. Nobody seems to care about it, yet it leads the majors in gains. The ones that make the least noise are often the ones that keep moving.
XRP is at 1.2494, sitting right on the 1.24 pivot. It hasn’t picked a direction yet, so don’t take sides for it just yet.
Here’s the overnight scenario, and I’ll only say it once. If BTC holds the daily pivot at 77,453.03, the structure leans bullish: first, the day’s high at 78,081.3; a breakout would take it straight to challenge the daily sell level at 78,636.07. On the other hand, if 76,270.0 gives way, 76,129.57 is the last daily buy level below. Lose that, and the entire bullish scenario is invalidated.
ETH could be even more interesting overnight: currently at 2,247.02, with the day’s high of 2,261.48 as the first level to watch overhead. A breakout would put the daily sell level at 2,279.1 in play. Funding is still negative, so shorts keep paying every 8 hours; with every step higher in price, they pay more. That’s the fuel for the move up. Below, 2,206.36 is today’s low, and 2,190.47 is the daily buy level beyond that. If price falls below it, the story of negative funding flips on its head.
The direction in two words: bullish bias. Price is above the pivot, funding isn’t overheated, and ETH shorts are still paying to hold their positions. But a bullish bias doesn’t mean throwing caution to the wind: 76,129.57 is the line that makes or breaks this thesis. If it breaks, admit the mistake—don’t stubbornly fight the market.
On Halloween night, let the shorts tell their ghost stories.
$BTC Daily sell level: $78636 Daily buy level: $76130
$ETH Daily sell level: $2279.1 Daily buy level: $2190.47
$BNB Daily sell level: $723.68 Daily buy level: $683.04
$BTC #BTC $ETH #ETH