$BTC
That post at midnight had just said 73,200 was gone
Then it climbed back above it overnight
Current price: 73,936
It dipped to a low of 72,727 in the early hours
Now it’s been back above 73,200 for over two hours
Let’s be clear: this doesn’t count as holding steady
73,200 was broken and reclaimed within a single day
That back-and-forth is the most draining part
To really hold, it needs to stay above that level through the day today, without dipping back below
75,350 above is the 50-week moving average
And it’s close to yesterday’s high of 75,442
If it can’t break through, this rally is just a dead-cat bounce
Below, 71,900 is still the level to watch
A daily close below that, and 65,000 is next
ETH is still hovering around 2,074
Its 24-hour low is 2,031, just a short step from 2,000
If it can’t hold steady, don’t rush to call a BTC reversal either
Nearly $700 million was liquidated across the market in 24 hours, mostly long positions
The shock from CPI hasn’t worn off yet
The odds of a 25-basis-point hike in December are 89%, and Waller also mentioned a possible 50-basis-point hike
In this environment, treat a bounce as just a bounce for now
I’m not chasing this move
I’ll consider going long after 73,200 holds, and look lower if 71,900 breaks
For now, just watch from the sidelines
Levels: Current price 73,936; support 73,200 / 71,900; resistance 75,350 / 75,442
Personal analysis, not investment advice.
#BTC
That post at midnight had just said 73,200 was gone
Then it climbed back above it overnight
Current price: 73,936
It dipped to a low of 72,727 in the early hours
Now it’s been back above 73,200 for over two hours
Let’s be clear: this doesn’t count as holding steady
73,200 was broken and reclaimed within a single day
That back-and-forth is the most draining part
To really hold, it needs to stay above that level through the day today, without dipping back below
75,350 above is the 50-week moving average
And it’s close to yesterday’s high of 75,442
If it can’t break through, this rally is just a dead-cat bounce
Below, 71,900 is still the level to watch
A daily close below that, and 65,000 is next
ETH is still hovering around 2,074
Its 24-hour low is 2,031, just a short step from 2,000
If it can’t hold steady, don’t rush to call a BTC reversal either
Nearly $700 million was liquidated across the market in 24 hours, mostly long positions
The shock from CPI hasn’t worn off yet
The odds of a 25-basis-point hike in December are 89%, and Waller also mentioned a possible 50-basis-point hike
In this environment, treat a bounce as just a bounce for now
I’m not chasing this move
I’ll consider going long after 73,200 holds, and look lower if 71,900 breaks
For now, just watch from the sidelines
Levels: Current price 73,936; support 73,200 / 71,900; resistance 75,350 / 75,442
Personal analysis, not investment advice.
#BTC
