Evening market review | Up over 24 hours, but giving back gains today
As of Nov. 5, 21:30 Beijing time, BTC/USDT on Binance was around 79,620, up 1.62% over the rolling 24 hours; ETH was around 2,387.56, up 3.05%; and SOL was around 95.32, up 2.80%. However, measured from midnight Beijing time, all three were down from today’s open by approximately 0.84%, 1.58%, and 1.44%, respectively.
So far today, BTC has traded between 79,520 and 80,962. Its current price is near the lower end of that range, showing that yesterday’s rebound and today’s pressure can both be true. My assessment: this looks more like a pullback after gains. Don’t assume the day has been strong just because the rolling 24-hour change is green. ETH’s stronger 24-hour performance has not yet offset its losses today.
Tonight, watch for support at lower levels rather than rushing to declare a bull or bear market. Source: Binance spot 24-hour ticker and Beijing-time daily candles; today’s session has not yet closed. For market review only; not investment advice.
As of Nov. 5, 21:30 Beijing time, BTC/USDT on Binance was around 79,620, up 1.62% over the rolling 24 hours; ETH was around 2,387.56, up 3.05%; and SOL was around 95.32, up 2.80%. However, measured from midnight Beijing time, all three were down from today’s open by approximately 0.84%, 1.58%, and 1.44%, respectively.
So far today, BTC has traded between 79,520 and 80,962. Its current price is near the lower end of that range, showing that yesterday’s rebound and today’s pressure can both be true. My assessment: this looks more like a pullback after gains. Don’t assume the day has been strong just because the rolling 24-hour change is green. ETH’s stronger 24-hour performance has not yet offset its losses today.
Tonight, watch for support at lower levels rather than rushing to declare a bull or bear market. Source: Binance spot 24-hour ticker and Beijing-time daily candles; today’s session has not yet closed. For market review only; not investment advice.