📊BTC’s rebound lacks momentum; expect range-bound trading over the next 24 hours
At 02:59 Beijing time on November 2, BTCUSDT perpetual was at 77,853, up 0.32% in 24 hours, with a trading volume of $3.74 billion; OI was $7.57 billion, up just 0.06%, and the funding rate was +0.0100%/8 hours, indicating limited position building. Market source (https://swolecharts.com/coin/BTC)
An earlier technical snapshot showed the 1-hour RSI at 53 and a weakening MACD, suggesting the rebound lacks momentum; active buy/sell volume has not been verified. Indicator source (https://www.sonarcast.app/en/coin/btcusdt)
Over the next 4–24 hours, BTC is likely to trade range-bound between 77,400 and 78,250. A break below 77,400 could lead to a test of 76,400; a high-volume hold above 78,250 would invalidate the range-bound outlook, with 79,500 as the next target. 🔥Watch for volume-price confirmation.
#BTC #BTCUSDT #比特币 #Market Analysis
At 02:59 Beijing time on November 2, BTCUSDT perpetual was at 77,853, up 0.32% in 24 hours, with a trading volume of $3.74 billion; OI was $7.57 billion, up just 0.06%, and the funding rate was +0.0100%/8 hours, indicating limited position building. Market source (https://swolecharts.com/coin/BTC)
An earlier technical snapshot showed the 1-hour RSI at 53 and a weakening MACD, suggesting the rebound lacks momentum; active buy/sell volume has not been verified. Indicator source (https://www.sonarcast.app/en/coin/btcusdt)
Over the next 4–24 hours, BTC is likely to trade range-bound between 77,400 and 78,250. A break below 77,400 could lead to a test of 76,400; a high-volume hold above 78,250 would invalidate the range-bound outlook, with 79,500 as the next target. 🔥Watch for volume-price confirmation.
#BTC #BTCUSDT #比特币 #Market Analysis