BTC/ETH Midday Technical Watch | Rebound Has Not Yet Reversed the Weakness
Binance spot around 11/11 11:00: BTC at approximately $73,633 and ETH at approximately $2,059, down 1.65% and 3.05% respectively over 24 hours.
Based on the latest 20 completed 1-hour candlesticks, the moving averages are approximately 73,877 and 2,066. Both latest prices are below them, so a short-term recovery still needs confirmation.
Reference support for BTC: 72,727; resistance: 74,996. Reference support for ETH: 2,006; resistance: 2,132. These are the 24-hour range lows and highs, not guaranteed reversal points. First watch to see whether prices can reclaim the moving averages, then look to the top of the range; a break below the lower bound could bring increased volatility. For analysis only.#BTC #ETH
Binance spot around 11/11 11:00: BTC at approximately $73,633 and ETH at approximately $2,059, down 1.65% and 3.05% respectively over 24 hours.
Based on the latest 20 completed 1-hour candlesticks, the moving averages are approximately 73,877 and 2,066. Both latest prices are below them, so a short-term recovery still needs confirmation.
Reference support for BTC: 72,727; resistance: 74,996. Reference support for ETH: 2,006; resistance: 2,132. These are the 24-hour range lows and highs, not guaranteed reversal points. First watch to see whether prices can reclaim the moving averages, then look to the top of the range; a break below the lower bound could bring increased volatility. For analysis only.#BTC #ETH