🚨 BITCOIN KEEPS KNOCKING ON $87K… BUT THE DOOR WON’T OPEN
$BTC pushed close to $87K again today, but once again failed to hold the breakout. That’s now the third rejection around this zone in two weeks.
The softer U.S. jobs report reduced October Fed hike expectations, while falling oil prices are also easing some inflation pressure. Sounds bullish… but BTC still can’t clear $87K.
Meanwhile, $ETH had an incredible ~70% Q3 rally, outperforming BTC, but its liquidity has weakened sharply. Thinner liquidity means moves can become much faster in either direction.
For me, $87K is still the level to watch.
Break & hold?
Another rejection?
#FedOctoberHoldOdds82.3% #CryptoNews #BinanceSquare $GTC #ETHUp70%InQ3ButLiquidityFalls
$BTC pushed close to $87K again today, but once again failed to hold the breakout. That’s now the third rejection around this zone in two weeks.
The softer U.S. jobs report reduced October Fed hike expectations, while falling oil prices are also easing some inflation pressure. Sounds bullish… but BTC still can’t clear $87K.
Meanwhile, $ETH had an incredible ~70% Q3 rally, outperforming BTC, but its liquidity has weakened sharply. Thinner liquidity means moves can become much faster in either direction.
For me, $87K is still the level to watch.
Break & hold?
Another rejection?
#FedOctoberHoldOdds82.3% #CryptoNews #BinanceSquare $GTC #ETHUp70%InQ3ButLiquidityFalls