Closing Bell Q&A | 3 things you might be wondering about today's market

Q: Is BTC bouncing or breaking out today?
A: Don't rush to call it a breakout. $BTC is currently at 78,328, up 1.13% over 24 hours. It reached a high of 78,718 and a low of 75,736, with the intraday range nearing 4%. Reclaiming 78,000 is a good sign, but it hasn't held above 78,700 yet, so I'd call it a “bounce in progress.”

Q: Which major coin is strongest today?
A: $ZEC , up 6.76% at 1,286. ETH is also keeping pace, up 1.39%, while $BNB is down a slight 0.3% and basically flat.

Q: How are the people who chased AGT in Alpha yesterday doing?
A: It was up 74.9% yesterday and is down 38% today, with $27.3 million in trading volume—a classic case of coming and going in a flash. UAI (-43%) and AKE (-35%) are also among the biggest losers. CLANKER (+28.7%) and IDOL (+16.5%) are among the top gainers, but their trading volumes are both low. The hottest one today is actually quq, with $142 million in trading volume and barely any price movement—a pure turnover play.

My take: A small bounce for the majors, a major reshuffle in Alpha. On days like this, it's best to keep your hands off the trigger. Watch whether BTC can break above 78,700 on increased volume; 75,700 is today's low.

A question for you: Will BTC hit 80,000 first tomorrow, or fall back to 76,000 first? Leave a guess in the comments.

#币安广场 #BTC #Alpha
(For reference only; not investment advice)