BTC dropped to 63491 and some are still shouting 'bottom confirmed'? Have you ever seen a bottom with a positive funding rate?
Saturday's midday data lays it out:
BTC is down 0.28% in 24 hours, doesn’t seem like much, right? But from the high of 64362 to the low of 62800, we’ve seen a swing of 1570 bucks, what does that tell you? Both bulls and bears are duking it out around 63000, and no one’s coming out on top. The key point is—BTC funding rate is at 0.00041%, barely positive, bulls aren’t fully washed out yet, indicating this round of correction isn’t complete.
ETH is faring worse, down 0.79%, getting slapped from 1690 straight to 1651. Funding rate at 0.002%, five times higher than BTC—many are betting on a bounce in ETH, but instead, they’re getting crushed. The ETH/BTC rate continues to weaken, is it alt season? Let's stabilize ETH’s own bottom first.
BNB is down 0.63%, nervously clinging to the 600 round number. Volume is only 240 million U, liquidity is thin, and in this kind of setup, a single large order can create a deep pit.
① Direction judgment: short-term bearish
Daily pivot point PP is at 63570, and the current price of 63491 is just below that—bulls can’t even reclaim the pivot, what’s there to talk about a rebound? The first support below is 62777 (S1), if that breaks, we’re looking at the 62000 round number. The upper resistance at 64340 (R1) is the short-term ceiling.
② ETH weakness compared to BTC is a key signal
ETH’s drop is nearly three times that of BTC, yet the funding rate is higher—this is a classic 'holding long' setup. In this structure, if BTC breaks down further, ETH's decline will accelerate; if 1650 doesn’t hold, 1600 is the next stop.
③ Weekend market characteristics
Volume contraction is the norm on weekends, but that also means volatility will be amplified—when liquidity is poor, a few thousand BTC market orders can pull a 2-3% wick. Don’t get fooled by false breakouts on the weekend.
Summary: Maintain a bearish signal below 63570, watch the 62777 support. ETH’s long funding rate is high, downside risk greater than BTC. Trade less over the weekend, more watching.
$BTC Daily sell point: $64340 Daily buy point: $62777
$ETH Daily sell point: $1687 Daily buy point: $1648
$BNB Daily sell point: $613 Daily buy point: $596
$BTC #BTC $ETH #ETH
Saturday's midday data lays it out:
BTC is down 0.28% in 24 hours, doesn’t seem like much, right? But from the high of 64362 to the low of 62800, we’ve seen a swing of 1570 bucks, what does that tell you? Both bulls and bears are duking it out around 63000, and no one’s coming out on top. The key point is—BTC funding rate is at 0.00041%, barely positive, bulls aren’t fully washed out yet, indicating this round of correction isn’t complete.
ETH is faring worse, down 0.79%, getting slapped from 1690 straight to 1651. Funding rate at 0.002%, five times higher than BTC—many are betting on a bounce in ETH, but instead, they’re getting crushed. The ETH/BTC rate continues to weaken, is it alt season? Let's stabilize ETH’s own bottom first.
BNB is down 0.63%, nervously clinging to the 600 round number. Volume is only 240 million U, liquidity is thin, and in this kind of setup, a single large order can create a deep pit.
① Direction judgment: short-term bearish
Daily pivot point PP is at 63570, and the current price of 63491 is just below that—bulls can’t even reclaim the pivot, what’s there to talk about a rebound? The first support below is 62777 (S1), if that breaks, we’re looking at the 62000 round number. The upper resistance at 64340 (R1) is the short-term ceiling.
② ETH weakness compared to BTC is a key signal
ETH’s drop is nearly three times that of BTC, yet the funding rate is higher—this is a classic 'holding long' setup. In this structure, if BTC breaks down further, ETH's decline will accelerate; if 1650 doesn’t hold, 1600 is the next stop.
③ Weekend market characteristics
Volume contraction is the norm on weekends, but that also means volatility will be amplified—when liquidity is poor, a few thousand BTC market orders can pull a 2-3% wick. Don’t get fooled by false breakouts on the weekend.
Summary: Maintain a bearish signal below 63570, watch the 62777 support. ETH’s long funding rate is high, downside risk greater than BTC. Trade less over the weekend, more watching.
$BTC Daily sell point: $64340 Daily buy point: $62777
$ETH Daily sell point: $1687 Daily buy point: $1648
$BNB Daily sell point: $613 Daily buy point: $596
$BTC #BTC $ETH #ETH