BTC fell 5.8% in 24h to 69,195 USDT, ETH lost 4.9%, and the Fear & Greed Index is at 20 (extreme fear).
Here’s how I read it: this is a broad sell-off, not one coin breaking down on its own. Both major coins hit their intraday lows at 67,568 (BTC) and 1,895.95 (ETH), so the market is retesting these levels.
$BTC: If it holds above 67,568, there may be a bounce toward 73,700 (the 24h high), but I haven’t seen confirmation of a reversal yet. If the 4h candle closes below 67,568, the outlook leans bearish, with the possibility of a further drop.
$ETH: Similarly, holding 1,896 is necessary to maintain the scenario of a bounce toward 2,053 (the 24h high). If it loses 1,896, the bounce scenario is invalidated; wait for more data.
Another point worth noting: BNB is down 5.6%, with no clear reason yet. PEPE is one of the few coins in the green, up 3.4%, with 24h volume of around 84.6 million USDT. There are currently no RSI, EMA, or 4h trend figures, so the scenarios above are based only on the 24h price range.
Data as of 14:16 on 13/11 (UTC+7).
With fear at this level, do you see 67,500 as a bottom or just a temporary pause?
Manage your capital before entering a trade: risk only around one percent of your capital per trade.
Not investment advice. DYOR.
#BinanceSquare #BTC #ETH
Here’s how I read it: this is a broad sell-off, not one coin breaking down on its own. Both major coins hit their intraday lows at 67,568 (BTC) and 1,895.95 (ETH), so the market is retesting these levels.
$BTC: If it holds above 67,568, there may be a bounce toward 73,700 (the 24h high), but I haven’t seen confirmation of a reversal yet. If the 4h candle closes below 67,568, the outlook leans bearish, with the possibility of a further drop.
$ETH: Similarly, holding 1,896 is necessary to maintain the scenario of a bounce toward 2,053 (the 24h high). If it loses 1,896, the bounce scenario is invalidated; wait for more data.
Another point worth noting: BNB is down 5.6%, with no clear reason yet. PEPE is one of the few coins in the green, up 3.4%, with 24h volume of around 84.6 million USDT. There are currently no RSI, EMA, or 4h trend figures, so the scenarios above are based only on the 24h price range.
Data as of 14:16 on 13/11 (UTC+7).
With fear at this level, do you see 67,500 as a bottom or just a temporary pause?
Manage your capital before entering a trade: risk only around one percent of your capital per trade.
Not investment advice. DYOR.
#BinanceSquare #BTC #ETH
