A quick look before the market opens. BTC is currently stuck at 74,446, down 1.75% over the past 24 hours, with an overall weak bias. ETH is hovering around 2,129, down 4.76% over the past 24 hours, also with a weak bias.
BTC traded in a range of 73,510 to 76,200 overnight, and this level is pretty important. If it can open with strong volume and hold around 76,200, short-term sentiment should improve quite a bit. On the other hand, if it drops below 73,510 right at the open, today will most likely be a choppy session.
ETH is even more dependent on BTC. If BTC doesn't show a clear direction, it's hard for ETH to move independently. Trading volume is 359 million USDT, which isn't particularly active and suggests everyone is waiting for a signal at the open.
I won't make a move right at the open today. I'll watch for half an hour first and see if the direction becomes clear. When it's time to wait, you have to wait.
#BTC #ETH #早盘 #Market Outlook
BTC traded in a range of 73,510 to 76,200 overnight, and this level is pretty important. If it can open with strong volume and hold around 76,200, short-term sentiment should improve quite a bit. On the other hand, if it drops below 73,510 right at the open, today will most likely be a choppy session.
ETH is even more dependent on BTC. If BTC doesn't show a clear direction, it's hard for ETH to move independently. Trading volume is 359 million USDT, which isn't particularly active and suggests everyone is waiting for a signal at the open.
I won't make a move right at the open today. I'll watch for half an hour first and see if the direction becomes clear. When it's time to wait, you have to wait.
#BTC #ETH #早盘 #Market Outlook