$BTC Election-day jitters eased, and risk appetite took the first hit
This morning, 08:00 saw a break below 77500. Combined trading volume from 10:00 to 11:00 exceeded 2.5 billion USDT. At 11:00, a sharp wick plunged to 75690 before recovering to around 76500. Midterm election results are still being priced in, while ETF flows and macro noise are piling up. In the short term, this looks more like the market pricing in whether to take on more risk than a simple technical breakdown.
Repeated sell-offs near the top of the range around 78000 put the focus first on whether 75690, the wick low, can hold. If it doesn't, the market will keep probing lower to find out where the buyers are. Compare with $ETH .
Not investment advice
#Crude oil futures fell about 4%
This morning, 08:00 saw a break below 77500. Combined trading volume from 10:00 to 11:00 exceeded 2.5 billion USDT. At 11:00, a sharp wick plunged to 75690 before recovering to around 76500. Midterm election results are still being priced in, while ETF flows and macro noise are piling up. In the short term, this looks more like the market pricing in whether to take on more risk than a simple technical breakdown.
Repeated sell-offs near the top of the range around 78000 put the focus first on whether 75690, the wick low, can hold. If it doesn't, the market will keep probing lower to find out where the buyers are. Compare with $ETH .
Not investment advice
#Crude oil futures fell about 4%
