The very small 24h move indicates low short-term momentum and a market that’s likely waiting for a catalyst (e.g., macro news, major flows, or a technical breakout).
Key levels to watch (practical):
Immediate resistance: the most recent intraday highs (watch for a clean break + follow-through).
Immediate support: the most recent intraday lows (watch for breakdown + acceleration). If you want, tell me your preferred timeframe (15m / 1h / 4h / 1D) and I can frame these more precisely using that view.
Trade management ideas (non-advice):
In sideways conditions, some traders prefer smaller position sizes, tighter invalidation, and avoiding chasing moves until a clear breakout/breakdown is confirmed.
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Bitcoin Surge: Bitcoin has seen a significant increase, spiking by more than 5% to breach $66,000 for the first time in nearly three years. This puts it within reach of its all-time high of $69,000.
Ethereum(ETH) Drops Below 3,200 USDT with a 2.24% Decrease in 24 Hours On Aug 01, 2024, 01:36 AM(UTC). According to Binance Market Data, Ethereum has dropped below 3,200 USDT and is now trading at 3,194.590088 USDT, with a narrowed 2.24% decrease in 24 hours