$BTC has spent five days in a 2.6% box. The edges are 79,221 and 81,300.
Daily ranges:
- Oct 22: 4.1%
- Oct 24: 2.5%
- Oct 25: 1.5%
- Oct 26: 1.8%
- Oct 27: 2.2%
BTC dipped under 80,000 on four of the five days, and every day closed back above it. The low of the box is Oct 24 at 79,221. The top, 81,300, is from yesterday.
Funding is 0.0053%, below the 0.01% base. Nobody is paying up to be long into the Fed.
The last quiet stretch, Oct 17 to 19, was followed by a 4.1% day on Oct 22. FOMC is at 01:00 tonight, press conference at 01:30 (UTC+7).
NFA. Which edge breaks first, 81,300 or 79,221?
#BitcoinSlipsBelow$80KAgain
Daily ranges:
- Oct 22: 4.1%
- Oct 24: 2.5%
- Oct 25: 1.5%
- Oct 26: 1.8%
- Oct 27: 2.2%
BTC dipped under 80,000 on four of the five days, and every day closed back above it. The low of the box is Oct 24 at 79,221. The top, 81,300, is from yesterday.
Funding is 0.0053%, below the 0.01% base. Nobody is paying up to be long into the Fed.
The last quiet stretch, Oct 17 to 19, was followed by a 4.1% day on Oct 22. FOMC is at 01:00 tonight, press conference at 01:30 (UTC+7).
NFA. Which edge breaks first, 81,300 or 79,221?
#BitcoinSlipsBelow$80KAgain
