☀️ Market Snapshot · 11-03
Data source: Binance｜08:15 Beijing time
💰 Bitcoin (BTC) Price $76,824 ｜🛬 24h -1.70% 🥶
🐻 It’s looking a little sluggish right now. Price is getting pinned down by several moving averages, and the bears have the upper hand. Be patient if you’re looking to catch a bounce—don’t rush to catch a falling knife.
⚡ Momentum: RSI at 26 has plunged into oversold territory—it’s fallen too far, and short-term oversold bounces often build up some steam. MACD is still bearish, so don’t rush to buy the dip against the trend. Wait for it to turn around first.
📍 Price is still languishing below the middle band at $80,376, which looks weak. First, let’s see if it can climb back above it. Don’t expect it to reach the upper band at $84,567 in one go; treat the lower band at $76,184 as a cushion for now.
🎯 Key levels: $85,767 to the upside, $76,816 to the downside. Keep an eye on both as signposts.
#BTC #Bitcoin #Bitcoin
⚠️ This is a quantitative technical analysis for reference only and does not constitute investment advice.
💰 Ethereum (ETH) Price $2,253 ｜🛬 24h -0.79% 🥶
🐻 It’s looking a little sluggish right now. Price is getting pinned down by several moving averages, and the bears have the upper hand. Be patient if you’re looking to catch a bounce—don’t rush to catch a falling knife.
⚡ Momentum: RSI at 24 has plunged into oversold territory—it’s fallen too far, and short-term oversold bounces often build up some steam. MACD is still bearish, so don’t rush to buy the dip against the trend. Wait for it to turn around first.
📍 Price is still languishing below the middle band at $2,352, which looks weak. First, let’s see if it can climb back above it. Don’t expect it to reach the upper band at $2,498 in one go; treat the lower band at $2,206 as a cushion for now.
🎯 Key levels: $2,710 to the upside, $2,246 to the downside. Keep an eye on both as signposts.
#ETH #Ethereum #Ethereum
⚠️ This is a quantitative technical analysis for reference only and does not constitute investment advice.
Data source: Binance｜08:15 Beijing time
💰 Bitcoin (BTC) Price $76,824 ｜🛬 24h -1.70% 🥶
🐻 It’s looking a little sluggish right now. Price is getting pinned down by several moving averages, and the bears have the upper hand. Be patient if you’re looking to catch a bounce—don’t rush to catch a falling knife.
⚡ Momentum: RSI at 26 has plunged into oversold territory—it’s fallen too far, and short-term oversold bounces often build up some steam. MACD is still bearish, so don’t rush to buy the dip against the trend. Wait for it to turn around first.
📍 Price is still languishing below the middle band at $80,376, which looks weak. First, let’s see if it can climb back above it. Don’t expect it to reach the upper band at $84,567 in one go; treat the lower band at $76,184 as a cushion for now.
🎯 Key levels: $85,767 to the upside, $76,816 to the downside. Keep an eye on both as signposts.
#BTC #Bitcoin #Bitcoin
⚠️ This is a quantitative technical analysis for reference only and does not constitute investment advice.
💰 Ethereum (ETH) Price $2,253 ｜🛬 24h -0.79% 🥶
🐻 It’s looking a little sluggish right now. Price is getting pinned down by several moving averages, and the bears have the upper hand. Be patient if you’re looking to catch a bounce—don’t rush to catch a falling knife.
⚡ Momentum: RSI at 24 has plunged into oversold territory—it’s fallen too far, and short-term oversold bounces often build up some steam. MACD is still bearish, so don’t rush to buy the dip against the trend. Wait for it to turn around first.
📍 Price is still languishing below the middle band at $2,352, which looks weak. First, let’s see if it can climb back above it. Don’t expect it to reach the upper band at $2,498 in one go; treat the lower band at $2,206 as a cushion for now.
🎯 Key levels: $2,710 to the upside, $2,246 to the downside. Keep an eye on both as signposts.
#ETH #Ethereum #Ethereum
⚠️ This is a quantitative technical analysis for reference only and does not constitute investment advice.