BTC/ETH Midday Technical Outlook
Binance spot 24h data, around 11:00 on November 13 (Beijing time): BTC was approximately 70,288 USDT, down 4.73%; ETH was approximately 1,991, down 3.20%.
Using the 24h range as a framework for analysis: BTC support is around 69,900. A rebound would first face the 24h volume-weighted average price near 71,888, then the range high of 73,884; the corresponding ETH levels are 1,975, 2,013, and 2,060.
Both are below their 24h volume-weighted average prices, so the short-term outlook remains weak. Reclaiming the average would be only a sign of recovery, not enough to confirm a reversal. A break below the range low would raise concerns about further downside. These are range-based reference levels, not confirmed candlestick signals or guaranteed support and resistance levels.#BTC #ETH
Binance spot 24h data, around 11:00 on November 13 (Beijing time): BTC was approximately 70,288 USDT, down 4.73%; ETH was approximately 1,991, down 3.20%.
Using the 24h range as a framework for analysis: BTC support is around 69,900. A rebound would first face the 24h volume-weighted average price near 71,888, then the range high of 73,884; the corresponding ETH levels are 1,975, 2,013, and 2,060.
Both are below their 24h volume-weighted average prices, so the short-term outlook remains weak. Reclaiming the average would be only a sign of recovery, not enough to confirm a reversal. A break below the range low would raise concerns about further downside. These are range-based reference levels, not confirmed candlestick signals or guaranteed support and resistance levels.#BTC #ETH