Overnight, the price wicked down to 76351 and recovered again. Who was that bearish candle supposed to scare?
Let’s start the day by reviewing overnight: BTC hit a low of 76351.6 in the early hours, breaking through the daily buy point at 76515.73. And the result? It’s now trading around 76958, firmly back above the buy point. That wick swept down—whose orders got liquidated? You know perfectly well.
It only fell 0.277% and people are already shouting that the sky is falling. Maybe they should switch careers and watch the weather forecast. The funding rate is 0.0001, right around normal; longs aren’t crowded. ETH’s rate is even lower, at around 0.00728%—leverage sentiment is as cold as an early-winter night. With no overheated long positions, where would a cascade of liquidations come from? Those waiting for a market bloodbath should do their homework first.
The altcoins aren’t crying along either: ETH is up 0.159% at 2263, holding tight to its daily buy point of 2239.87; XRP is up 0.304%, still some distance from its daily sell point of 1.30. BNB is the worst of the lot, down 0.913% at 694.63, slumped right next to its daily buy point of 692.61. It’s the only real eyesore in the sector, and the market’s vote with its feet is pretty clear.
Here’s the direction: the data leans bullish. That overnight lower wick looks more like a shakeout than a preview of further declines. Watch two numbers today: only after reclaiming and holding the daily pivot at 77277.57 will price be in a position to test the daily sell point at 78203.53. If it pulls back to test 76515.73, don’t scare yourself—the real line in the sand is below the overnight low of 76351.6. If that breaks, I’ll change my tune immediately, no hedging.
If your position is small, don’t FOMO. If it’s large, don’t panic. The market teaches investors every day, and tuition goes up every year. Don’t pay twice for the same lesson.
$BTC Daily sell point: $78204 Daily buy point: $76516
$ETH Daily sell point: $2308.17 Daily buy point: $2239.87
$BNB Daily sell point: $704.28 Daily buy point: $692.61
$BTC #BTC $ETH #ETH
Let’s start the day by reviewing overnight: BTC hit a low of 76351.6 in the early hours, breaking through the daily buy point at 76515.73. And the result? It’s now trading around 76958, firmly back above the buy point. That wick swept down—whose orders got liquidated? You know perfectly well.
It only fell 0.277% and people are already shouting that the sky is falling. Maybe they should switch careers and watch the weather forecast. The funding rate is 0.0001, right around normal; longs aren’t crowded. ETH’s rate is even lower, at around 0.00728%—leverage sentiment is as cold as an early-winter night. With no overheated long positions, where would a cascade of liquidations come from? Those waiting for a market bloodbath should do their homework first.
The altcoins aren’t crying along either: ETH is up 0.159% at 2263, holding tight to its daily buy point of 2239.87; XRP is up 0.304%, still some distance from its daily sell point of 1.30. BNB is the worst of the lot, down 0.913% at 694.63, slumped right next to its daily buy point of 692.61. It’s the only real eyesore in the sector, and the market’s vote with its feet is pretty clear.
Here’s the direction: the data leans bullish. That overnight lower wick looks more like a shakeout than a preview of further declines. Watch two numbers today: only after reclaiming and holding the daily pivot at 77277.57 will price be in a position to test the daily sell point at 78203.53. If it pulls back to test 76515.73, don’t scare yourself—the real line in the sand is below the overnight low of 76351.6. If that breaks, I’ll change my tune immediately, no hedging.
If your position is small, don’t FOMO. If it’s large, don’t panic. The market teaches investors every day, and tuition goes up every year. Don’t pay twice for the same lesson.
$BTC Daily sell point: $78204 Daily buy point: $76516
$ETH Daily sell point: $2308.17 Daily buy point: $2239.87
$BNB Daily sell point: $704.28 Daily buy point: $692.61
$BTC #BTC $ETH #ETH