📉 $BTC slipped to about $83.8K.
That is roughly 2.6% below the $86K level it held after Friday's weak US jobs report (29K new jobs vs about 90K expected).
📊 Where it stands:
• Q3 gain: about +42.7%, the best third quarter since 2017
• Major support: around $82K, only about 2% below the current price
• Resistance: $87K to $87.5K
• Supply zone: $88K to $90K
💡 My take:
1. The jobs-report bounce did not hold. Rallies built on traders closing shorts can fade fast.
2. $82K is the level to watch. Analysts treat it as major support, and losing it would weaken the setup.
3.Bulls need to reclaim $87.5K before a breakout looks real.
October is often strong for Bitcoin, but history is not a promise.
4.Which do you expect first: a bounce toward $87K or a test of $82K? 👇
DYOR. Not financial advice.
#bitcoin #Uptober #NFP
That is roughly 2.6% below the $86K level it held after Friday's weak US jobs report (29K new jobs vs about 90K expected).
📊 Where it stands:
• Q3 gain: about +42.7%, the best third quarter since 2017
• Major support: around $82K, only about 2% below the current price
• Resistance: $87K to $87.5K
• Supply zone: $88K to $90K
💡 My take:
1. The jobs-report bounce did not hold. Rallies built on traders closing shorts can fade fast.
2. $82K is the level to watch. Analysts treat it as major support, and losing it would weaken the setup.
3.Bulls need to reclaim $87.5K before a breakout looks real.
October is often strong for Bitcoin, but history is not a promise.
4.Which do you expect first: a bounce toward $87K or a test of $82K? 👇
DYOR. Not financial advice.
#bitcoin #Uptober #NFP
