November 12 Evening Market Recap | Prices retreated after a rally; the recovery failed to hold.
As of 21:30 Beijing time, Binance BTC/USDT was at $72,722. On the daily candlestick chart starting at midnight Beijing time, the open was $73,992, the high was $74,811, and the low was $72,234—down about 1.72% from the start of the day and now closer to the intraday low. The day is not over yet, so this is not a full-day closing assessment.
Rolling 24-hour figures: BTC fell 1.49%; ETH was at $2,016.30, down 1.82%; SOL was at $81.66, down 2.92%. SOL was the weakest of the three, so for now, the rebound does not support interpreting the move as a broad-based return to gains.
My view: first watch whether support forms near the lows, then consider a trend recovery. Without evidence of capital flows, I won’t attribute the decline to any particular news item.
Source: Binance public ticker and daily candlestick data in Beijing time, collected November 12 at 21:30. #BTC #Market Recap
As of 21:30 Beijing time, Binance BTC/USDT was at $72,722. On the daily candlestick chart starting at midnight Beijing time, the open was $73,992, the high was $74,811, and the low was $72,234—down about 1.72% from the start of the day and now closer to the intraday low. The day is not over yet, so this is not a full-day closing assessment.
Rolling 24-hour figures: BTC fell 1.49%; ETH was at $2,016.30, down 1.82%; SOL was at $81.66, down 2.92%. SOL was the weakest of the three, so for now, the rebound does not support interpreting the move as a broad-based return to gains.
My view: first watch whether support forms near the lows, then consider a trend recovery. Without evidence of capital flows, I won’t attribute the decline to any particular news item.
Source: Binance public ticker and daily candlestick data in Beijing time, collected November 12 at 21:30. #BTC #Market Recap