ETH & BNB: Relief Bounce or Dead-Cat Bounce? What Traders Should Watch Next
After a sharp sell-off, ETH and BNB are attempting a short-term stabilization. Volume expanded during the drop, RSI dipped into oversold zones, and price is now reacting around key intraday levels. This sets the stage for mean reversion OR another leg down—depending on confirmation.
What matters now (Process > Prediction):
Structure: Lower highs still intact → trend remains cautious.
Momentum: RSI recovering from oversold; watch for failure near 50.
Levels to watch:
ETH: Supply near 2950–2980 | Support 2880–2900
BNB: Supply near 865–875 | Support 842–850
Confirmation rule: Wait for a 15m close + volume alignment. No chasing.
Execution mindset:
Plan the trade, place defined TP/SL, then let the market decide. Discipline beats noise.
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