Yesterday’s sharp rebound has been almost entirely erased. $BTC is not undergoing an ordinary pullback this time, but a second round of deleveraging after the recovery failed.
As of 09:06, BTC was around 76267, down 5.27% over 24 hours, with open interest down 2.17%. The completed 4-hour candle closed at 76050. Price and open interest fell together, pointing to longs exiting. An hourly RSI around 20 only indicates short-term oversold conditions. The market’s inference is that selling pressure may ease, but there is still no confirmation of a bottom.
$ETH was around 2243, down 7.26%, with open interest down 1.74%—also indicating deleveraging. $BNB was around 694.8, down 3.29%, while open interest rose 0.74%, signaling fresh long-short positioning amid the decline and greater risk of volatility ahead. Yesterday’s conditions have all been invalidated. There was no formal entry plan beforehand, so no entry was made.
A recovery above 77350 would ease pressure on BTC; below 75150, watch 74500. ETH needs to reclaim 2296 to stop falling; a break below 2205 would mean weakness continues.
#BTC #ETH #MarketOutlook
As of 09:06, BTC was around 76267, down 5.27% over 24 hours, with open interest down 2.17%. The completed 4-hour candle closed at 76050. Price and open interest fell together, pointing to longs exiting. An hourly RSI around 20 only indicates short-term oversold conditions. The market’s inference is that selling pressure may ease, but there is still no confirmation of a bottom.
$ETH was around 2243, down 7.26%, with open interest down 1.74%—also indicating deleveraging. $BNB was around 694.8, down 3.29%, while open interest rose 0.74%, signaling fresh long-short positioning amid the decline and greater risk of volatility ahead. Yesterday’s conditions have all been invalidated. There was no formal entry plan beforehand, so no entry was made.
A recovery above 77350 would ease pressure on BTC; below 75150, watch 74500. ETH needs to reclaim 2296 to stop falling; a break below 2205 would mean weakness continues.
#BTC #ETH #MarketOutlook