When the crypto market falls, crypto stocks are often the first to get dragged down. Tonight, just keep an eye on $COIN .
Bitcoin has fallen to a 12-week low. Coinbase was down nearly 3% in premarket trading, while Binance perpetuals are currently at 127.7, already close to the one-month low of 126.25. The recent rebound peaked around 135.
My take: holding above 126 would still count as a normal pullback; I’d only call it weakness if it closes below that. And if it rebounds to around 135 without volume, I wouldn’t read much into it.
Would you wait for a breakdown before deciding, or do you think 126 is the bottom?
Just my personal observations; not investment advice.
#美股 #加密货币 #Crypto
Bitcoin has fallen to a 12-week low. Coinbase was down nearly 3% in premarket trading, while Binance perpetuals are currently at 127.7, already close to the one-month low of 126.25. The recent rebound peaked around 135.
My take: holding above 126 would still count as a normal pullback; I’d only call it weakness if it closes below that. And if it rebounds to around 135 without volume, I wouldn’t read much into it.
Would you wait for a breakdown before deciding, or do you think 126 is the bottom?
Just my personal observations; not investment advice.
#美股 #加密货币 #Crypto
