Morning market update | Major assets rebound, but rotation remains uneven.
As of Nov. 2, 08:00 Beijing time, Binance spot rolling 24-hour performance: BTC around 78,391 USDT (+1.08%), ETH around 2,278 (+1.03%), BNB +1.31%, SOL -0.89%. My take: risk appetite has recovered somewhat, but this is not yet a signal for a broad-based chase. Watch the 24-hour ranges of 77,517–78,422 for BTC and 2,248–2,278 for ETH; the top of the range is only a reference, not a guarantee of a breakout. First look for follow-through after a breakout, then discuss whether the trend will continue. Data source: Binance 24h ticker; changes are not based on calendar days. #BTC #ETH #Cryptocurrency
As of Nov. 2, 08:00 Beijing time, Binance spot rolling 24-hour performance: BTC around 78,391 USDT (+1.08%), ETH around 2,278 (+1.03%), BNB +1.31%, SOL -0.89%. My take: risk appetite has recovered somewhat, but this is not yet a signal for a broad-based chase. Watch the 24-hour ranges of 77,517–78,422 for BTC and 2,248–2,278 for ETH; the top of the range is only a reference, not a guarantee of a breakout. First look for follow-through after a breakout, then discuss whether the trend will continue. Data source: Binance 24h ticker; changes are not based on calendar days. #BTC #ETH #Cryptocurrency