$BTC starts the week pinned under 78,804, the Oct 30 high. Monday is the first weekday test since withdrawals came back.
Price near 78,540 at 09:30 (UTC+7). Today's high so far: 78,631.
Levels:
- 78,804: Oct 30 high. A daily close above it ends the post-incident range.
- 80,000: round number. The Oct 26 to 28 closes were all above it.
- 77,517: Nov 1 low. Losing it puts price back in the weekend range.
- 76,326: Oct 30 low, the line for the whole drop.
Weekend spot volume was thin: 487M USDT on Oct 31 and 510M on Nov 1, against 1.91B on Oct 29. Funding is +0.0096%, close to the base rate, so longs aren't crowded.
A break on weekend volume means little. I want to see it on weekday volume.
NFA. Which does BTC touch first this week: 78,804 or 77,517?
Price near 78,540 at 09:30 (UTC+7). Today's high so far: 78,631.
Levels:
- 78,804: Oct 30 high. A daily close above it ends the post-incident range.
- 80,000: round number. The Oct 26 to 28 closes were all above it.
- 77,517: Nov 1 low. Losing it puts price back in the weekend range.
- 76,326: Oct 30 low, the line for the whole drop.
Weekend spot volume was thin: 487M USDT on Oct 31 and 510M on Nov 1, against 1.91B on Oct 29. Funding is +0.0096%, close to the base rate, so longs aren't crowded.
A break on weekend volume means little. I want to see it on weekday volume.
NFA. Which does BTC touch first this week: 78,804 or 77,517?
