Tonight I opened the chart and saw BTC at $65,484 — still down 2.34% over 24 hours, but there’s more to today’s story. This morning it swept down to 62,006, its lowest since August 19, then bounced off the lows and recovered more than 5% intraday. Right now, the price is caught between the EMA20 at 65,177 and the EMA50 at 66,561, while the 1H RSI has recovered from 22.9 this morning to around 50. It feels like the bulls have just caught a falling knife, but no one dares say it’s over yet.
$ETH also bounced off the lows, rising from 1,711 to 1,832 (-3.59%); SOL is at 72.76 (-3.86%) after touching 67.41, BNB at 597.7 (-2.77%), and XRP at 0.968 (-2.50%). The whole market is still deep in the red: only 78 of 776 pairs are green, meaning 9 out of every 10 pairs are red.
A rare bright spot: ZEC is up 3.06% on $240 million in volume — there’s still money on the sidelines waiting to buy; INIT is up 33.7%, bouncing back after its fall a few days ago. On the other hand, SOPH is down 35.6%, reversing course just one day after I wrote an analysis saying it had risen 33.6% — a familiar lesson: after a coin pumps hard, it can dump just as fast the next day. KAVA is down 16.8%, extending its 56.8% drop at 2 p.m.
I’m watching two levels: below, 62,006 — today’s low; if that level breaks, the way to 60,000 opens up. Above, 67,000–67,500, the EMA50 zone — reclaiming it would give the rebound a chance to continue. The weekly candle closes tonight, and BTC is closing below 73,000, so this has been a deeply red week.
There’s no U.S. data over the weekend. Next week, I’m waiting for Thursday’s jobs data to see just how hawkish the Fed still is.
Data analysis, not investment advice.
#Bitcoin #Crypto #BTC #Ethereum
$ETH also bounced off the lows, rising from 1,711 to 1,832 (-3.59%); SOL is at 72.76 (-3.86%) after touching 67.41, BNB at 597.7 (-2.77%), and XRP at 0.968 (-2.50%). The whole market is still deep in the red: only 78 of 776 pairs are green, meaning 9 out of every 10 pairs are red.
A rare bright spot: ZEC is up 3.06% on $240 million in volume — there’s still money on the sidelines waiting to buy; INIT is up 33.7%, bouncing back after its fall a few days ago. On the other hand, SOPH is down 35.6%, reversing course just one day after I wrote an analysis saying it had risen 33.6% — a familiar lesson: after a coin pumps hard, it can dump just as fast the next day. KAVA is down 16.8%, extending its 56.8% drop at 2 p.m.
I’m watching two levels: below, 62,006 — today’s low; if that level breaks, the way to 60,000 opens up. Above, 67,000–67,500, the EMA50 zone — reclaiming it would give the rebound a chance to continue. The weekly candle closes tonight, and BTC is closing below 73,000, so this has been a deeply red week.
There’s no U.S. data over the weekend. Next week, I’m waiting for Thursday’s jobs data to see just how hawkish the Fed still is.
Data analysis, not investment advice.
#Bitcoin #Crypto #BTC #Ethereum
