$BTC $SOL $ETH
1. BTC - $77,632 now
- *Status:* Battling at the bottom of the descending channel at $76,650. It dropped to $76,388 today, then bounced.
- *RSI:* 36.09 - close to Oversold, but it hasn't entered a strong rebound zone yet.
- *Sentiment:* Fear & Greed = 26 (Fear), down from 37 yesterday. $226M in liquidations.
- *Support:* $76,650 - $76,400, the level you've been watching, is the dividing line. A break below opens the way to $74,500. Resistance is at $77,966, then $78,570, which you set as an alert. 01c47da3
2. ETH - $2,296
- Below all moving averages ($2,349 - $2,505), which means the daily trend is downward
- RSI 35.01 - weaker than BTC
- Monthly decline of -16.29% vs BTC at -10.5% - worse performance.
- Support: $2,237 (today's low), then $2,150. It needs to get back above $2,349 to stop the bleeding. 01c4
3. SOL - $93.42
- *Most Oversold:* RSI 27.4 - the weakest among the major coins.
- Holding at an ascending trendline around $92 - breaking below it would be risky.
- Monthly decline of -20.25%, yearly decline of -39.93% - worse than BTC and ETH.
- Today's range: $90.87 - $93.92. Critical support is $90.71 (Kraken's low if it breaks below), then $88. Resistance is $94.7 01c4
*Trader takeaway:*
The market is at a *Decision Point* - everyone is waiting for the US JOLTS data at 15:00 GMT today. If the data is strong, pressure will increase.
Current strategy: no impulsive buying. SOL carries higher risk, but if it rebounds, the move will be stronger because it's Oversold. BTC is what determines the direction for everyone; as long as it's above $76,400-76,650, we can call this a correction. Below that, it becomes a trend breakdown.
#USMidtermElections #BinanceIncidentReport #Nasdaq100EntersCorrection #FrenchAssemblyRejectsTwoCryptoExitTaxProposals #BinanceHourlyDepositsExceedWithdrawals
1. BTC - $77,632 now
- *Status:* Battling at the bottom of the descending channel at $76,650. It dropped to $76,388 today, then bounced.
- *RSI:* 36.09 - close to Oversold, but it hasn't entered a strong rebound zone yet.
- *Sentiment:* Fear & Greed = 26 (Fear), down from 37 yesterday. $226M in liquidations.
- *Support:* $76,650 - $76,400, the level you've been watching, is the dividing line. A break below opens the way to $74,500. Resistance is at $77,966, then $78,570, which you set as an alert. 01c47da3
2. ETH - $2,296
- Below all moving averages ($2,349 - $2,505), which means the daily trend is downward
- RSI 35.01 - weaker than BTC
- Monthly decline of -16.29% vs BTC at -10.5% - worse performance.
- Support: $2,237 (today's low), then $2,150. It needs to get back above $2,349 to stop the bleeding. 01c4
3. SOL - $93.42
- *Most Oversold:* RSI 27.4 - the weakest among the major coins.
- Holding at an ascending trendline around $92 - breaking below it would be risky.
- Monthly decline of -20.25%, yearly decline of -39.93% - worse than BTC and ETH.
- Today's range: $90.87 - $93.92. Critical support is $90.71 (Kraken's low if it breaks below), then $88. Resistance is $94.7 01c4
*Trader takeaway:*
The market is at a *Decision Point* - everyone is waiting for the US JOLTS data at 15:00 GMT today. If the data is strong, pressure will increase.
Current strategy: no impulsive buying. SOL carries higher risk, but if it rebounds, the move will be stronger because it's Oversold. BTC is what determines the direction for everyone; as long as it's above $76,400-76,650, we can call this a correction. Below that, it becomes a trend breakdown.
#USMidtermElections #BinanceIncidentReport #Nasdaq100EntersCorrection #FrenchAssemblyRejectsTwoCryptoExitTaxProposals #BinanceHourlyDepositsExceedWithdrawals