A quick look before the market opens. BTC is currently stuck at 63,512, down 6.92% over 24h—overall, looking weak. ETH is hovering around 1,744, down 9.29% over 24h, also looking weak.
BTC traded between 63,320 and 68,446 overnight, so this is a pretty key level. If it can hold around 68,446 with increased volume after the open, short-term sentiment should improve a lot. On the other hand, if it drops below 63,320 right after the open, today will most likely be a choppy day.
ETH is more dependent on BTC’s direction. If Bitcoin doesn’t show a clear direction, it’ll be hard for Ether to move independently. Trading volume is 839 million USDT—not very active, which suggests everyone is waiting for a signal at the open.
I won’t jump in right at the open today. I’ll watch for half an hour first and wait for the direction to become clear. I’m noting this down to compare later.
#BTC #ETH #早盘 #MarketOutlook
BTC traded between 63,320 and 68,446 overnight, so this is a pretty key level. If it can hold around 68,446 with increased volume after the open, short-term sentiment should improve a lot. On the other hand, if it drops below 63,320 right after the open, today will most likely be a choppy day.
ETH is more dependent on BTC’s direction. If Bitcoin doesn’t show a clear direction, it’ll be hard for Ether to move independently. Trading volume is 839 million USDT—not very active, which suggests everyone is waiting for a signal at the open.
I won’t jump in right at the open today. I’ll watch for half an hour first and wait for the direction to become clear. I’m noting this down to compare later.
#BTC #ETH #早盘 #MarketOutlook