Everyone, $HYPE ’s support level was tested once today.
The four-hour candle hit a low of 70.347, then was dragged back up to close at 72.031.
The highs of the four rebounds kept getting lower: from 76.745 down to 74.313, then 72.956, and finally just 72.456.
Each wave lower than the last.
Current price: 71.925. The upper boundary of the 20-day range is 97.193, the lower boundary is 70.347, putting it at the 5.88th percentile.
It’s like the shop downstairs, where fewer and fewer people are lining up outside.
Open interest is up 1.83% in contracts, while notional value is down just 2.12%.
The positions haven’t dispersed; people just aren’t willing to bid the price up here.
Average daily volatility: 7.92%. 24-hour trading volume: 509.7 million.
Funding rate: 0.005%. Long accounts: 60.15%. Long/short account ratio: 1.5094. There’s some disagreement, but it hasn’t gone away.
I’ve been watching this metric for three days. Honestly, the numbers are moving very slowly.
My approach is to keep an eye on it and wait to see if it turns 70.347 into support before deciding.
That guy in the warehouse is still sitting tight. Being able to hold on doesn’t mean he can hold on for long.
$BTC and $ETH are both just spinning their wheels. Where’s it supposed to get support from?
What do you all think? Let’s talk in the comments.
#比特币 #以太坊 #Cryptocurrency
The above is a record of my personal trading system and observations of the data. It does not constitute investment advice.
The four-hour candle hit a low of 70.347, then was dragged back up to close at 72.031.
The highs of the four rebounds kept getting lower: from 76.745 down to 74.313, then 72.956, and finally just 72.456.
Each wave lower than the last.
Current price: 71.925. The upper boundary of the 20-day range is 97.193, the lower boundary is 70.347, putting it at the 5.88th percentile.
It’s like the shop downstairs, where fewer and fewer people are lining up outside.
Open interest is up 1.83% in contracts, while notional value is down just 2.12%.
The positions haven’t dispersed; people just aren’t willing to bid the price up here.
Average daily volatility: 7.92%. 24-hour trading volume: 509.7 million.
Funding rate: 0.005%. Long accounts: 60.15%. Long/short account ratio: 1.5094. There’s some disagreement, but it hasn’t gone away.
I’ve been watching this metric for three days. Honestly, the numbers are moving very slowly.
My approach is to keep an eye on it and wait to see if it turns 70.347 into support before deciding.
That guy in the warehouse is still sitting tight. Being able to hold on doesn’t mean he can hold on for long.
$BTC and $ETH are both just spinning their wheels. Where’s it supposed to get support from?
What do you all think? Let’s talk in the comments.
#比特币 #以太坊 #Cryptocurrency
The above is a record of my personal trading system and observations of the data. It does not constitute investment advice.
