What are those red and green candles on the market chart actually telling you?
One thing to know: Crypto markets trade around the clock, so the “open” of a daily candle is simply a point in time determined by the time zone. Binance’s daily candles default to UTC midnight (8 a.m. Beijing time), but the chart’s time zone setting takes precedence.
The body’s length reflects the price change from open to close during that period; the wicks show how far the price bounced back after dipping during that time.
Remember this—it’s more useful than memorizing a bunch of jargon. If a project claims to offer stable, high returns, be skeptical.
Here’s a market update: $BTC , current price 76700.01, 24h -0.35%.
One thing to know: Crypto markets trade around the clock, so the “open” of a daily candle is simply a point in time determined by the time zone. Binance’s daily candles default to UTC midnight (8 a.m. Beijing time), but the chart’s time zone setting takes precedence.
The body’s length reflects the price change from open to close during that period; the wicks show how far the price bounced back after dipping during that time.
Remember this—it’s more useful than memorizing a bunch of jargon. If a project claims to offer stable, high returns, be skeptical.
Here’s a market update: $BTC , current price 76700.01, 24h -0.35%.