This afternoon I opened the chart and noticed something unusual: BTC was almost flat around $74,666 (+0.40%), while market breadth had clearly turned greener — 495 stocks up / 281 stocks down (63.8%), a marked improvement from 55.2% at 11 a.m. and 41.1% last night.
I noticed BTC is still pinned below the EMA20 at 74,871 and EMA50 at 75,131, with the 1H RSI at 45.9, neutral — meaning money is spreading into altcoins more than pushing BTC higher. ETH is similar: $2,117 (+0.13%), RSI 40.9, still below both EMAs.
Today's flows: INIT +80% with $18.7 million in volume is still the hottest name, and SOXLB is up 24.4% on $32.2 million in volume. ZEC is unusual: it has the highest volume among altcoins ($184.9 million), yet its price is down 5.05% — lots of money is flowing in, but sellers are still winning. I'll keep an eye on it.
The levels I'm watching: resistance at 75,568 (24-hour high), support at 73,750 (24-hour low). U.S. CPI comes out tonight at 8:30 p.m., so I'll wait to see how price reacts at these two levels before thinking further ahead.
Data analysis, not investment advice.
$BTC $ETH
#Bitcoin #Crypto #Binance
I noticed BTC is still pinned below the EMA20 at 74,871 and EMA50 at 75,131, with the 1H RSI at 45.9, neutral — meaning money is spreading into altcoins more than pushing BTC higher. ETH is similar: $2,117 (+0.13%), RSI 40.9, still below both EMAs.
Today's flows: INIT +80% with $18.7 million in volume is still the hottest name, and SOXLB is up 24.4% on $32.2 million in volume. ZEC is unusual: it has the highest volume among altcoins ($184.9 million), yet its price is down 5.05% — lots of money is flowing in, but sellers are still winning. I'll keep an eye on it.
The levels I'm watching: resistance at 75,568 (24-hour high), support at 73,750 (24-hour low). U.S. CPI comes out tonight at 8:30 p.m., so I'll wait to see how price reacts at these two levels before thinking further ahead.
Data analysis, not investment advice.
$BTC $ETH
#Bitcoin #Crypto #Binance
