$BTC Current price: around $83,500–$84,000.
Support: $83,000–$83,400; below that, $82,000 and $80,000. Resistance: $85,000–$85,500; a sustained break above could bring the September high around $87,400 into focus. Market view: BTC has maintained a broader recovery structure, but short-term momentum has weakened after failing to hold above $85,000. High U.S. Treasury yields are currently adding pressure, while renewed ETF inflows are providing some support.
Simple takeaway: Bitcoin is currently in a key $83K–$85.5K range. Holding support keeps the recovery structure intact; losing $82K would bring lower support levels into focus.
#US10YearYieldNears5.3% #CFTCSubmitsTwoEventContractRulesToWhiteHouse #MetaMaskExitsLidoValidatorsAfterSecurityIncident #KoreaProposesTokenizingStocksAndBonds #MicronBeatsEarningsLiftsGuidance
Support: $83,000–$83,400; below that, $82,000 and $80,000. Resistance: $85,000–$85,500; a sustained break above could bring the September high around $87,400 into focus. Market view: BTC has maintained a broader recovery structure, but short-term momentum has weakened after failing to hold above $85,000. High U.S. Treasury yields are currently adding pressure, while renewed ETF inflows are providing some support.
Simple takeaway: Bitcoin is currently in a key $83K–$85.5K range. Holding support keeps the recovery structure intact; losing $82K would bring lower support levels into focus.
#US10YearYieldNears5.3% #CFTCSubmitsTwoEventContractRulesToWhiteHouse #MetaMaskExitsLidoValidatorsAfterSecurityIncident #KoreaProposesTokenizingStocksAndBonds #MicronBeatsEarningsLiftsGuidance
