Before wrapping up｜It dipped a little further in the afternoon, but don’t call it a direction just yet
After that afternoon move had just pulled away from around 73529, $BTC didn’t go far. Around 14:45, it dipped a little further, reaching a low of about 73422—slightly below Monday’s low of around 73510 and also slightly below the 07:00 candle’s roughly 73480—before returning to around 73510. It’s now around 73520. So far, it has neither turned 72727 into a continued move down nor retested the overnight high of around 74811. $ETH is around 2047, and $SOL is around 82.9.
The Asian session is about to close, and the initial jobless claims data is due at 21:30 tonight (Singapore time). US-session liquidity hasn’t come in yet, either. This extra little dip in the afternoon only shows that the low has been tested once more; it doesn’t establish a new direction. Likewise, “still above 72727” isn’t, by itself, a reason to leave the position unchanged overnight.
Before wrapping up, what’s more worth considering is whether you still want to hold this much exposure overnight—not finding a bullish or bearish explanation for this afternoon’s dip.
Are you planning to hold your daytime position and wait for tonight’s 21:30 data, or reduce it to a level where you don’t have to keep watching the screen?
The above is market commentary and a risk-management reminder, not investment advice.
$BTC $ETH
After that afternoon move had just pulled away from around 73529, $BTC didn’t go far. Around 14:45, it dipped a little further, reaching a low of about 73422—slightly below Monday’s low of around 73510 and also slightly below the 07:00 candle’s roughly 73480—before returning to around 73510. It’s now around 73520. So far, it has neither turned 72727 into a continued move down nor retested the overnight high of around 74811. $ETH is around 2047, and $SOL is around 82.9.
The Asian session is about to close, and the initial jobless claims data is due at 21:30 tonight (Singapore time). US-session liquidity hasn’t come in yet, either. This extra little dip in the afternoon only shows that the low has been tested once more; it doesn’t establish a new direction. Likewise, “still above 72727” isn’t, by itself, a reason to leave the position unchanged overnight.
Before wrapping up, what’s more worth considering is whether you still want to hold this much exposure overnight—not finding a bullish or bearish explanation for this afternoon’s dip.
Are you planning to hold your daytime position and wait for tonight’s 21:30 data, or reduce it to a level where you don’t have to keep watching the screen?
The above is market commentary and a risk-management reminder, not investment advice.
$BTC $ETH