Morning Market Update | A Recovery Does Not Mean a Breakout
At 08:00 Beijing time on November 12, Binance spot prices: BTC around 74044 USDT, up 0.36% over the rolling 24 hours; ETH around 2056.86, up 0.25%; BNB around 679.99, down 0.05%; SOL around 83.31, down 0.05%.
Price breadth suggests only a limited recovery in risk appetite, not a broad-based rally in major coins. For BTC, first watch the 24-hour low/high of 73209/74811; for ETH, keep an eye on around 2036/2104. These are range references, not guaranteed support or resistance levels. My view: don't assume a one-way move within the range; a breakout also needs confirmation from trading volume.
Source: Binance public 24-hour ticker, data collected at 08:00; not investment advice.#BTC #ETH #Cryptocurrency
At 08:00 Beijing time on November 12, Binance spot prices: BTC around 74044 USDT, up 0.36% over the rolling 24 hours; ETH around 2056.86, up 0.25%; BNB around 679.99, down 0.05%; SOL around 83.31, down 0.05%.
Price breadth suggests only a limited recovery in risk appetite, not a broad-based rally in major coins. For BTC, first watch the 24-hour low/high of 73209/74811; for ETH, keep an eye on around 2036/2104. These are range references, not guaranteed support or resistance levels. My view: don't assume a one-way move within the range; a breakout also needs confirmation from trading volume.
Source: Binance public 24-hour ticker, data collected at 08:00; not investment advice.#BTC #ETH #Cryptocurrency