🚨 $BTC MARKET UPDATE — OCT 7
Bitcoin keeps hitting the same wall:
$87K. 👀
BTC has been rejected around $87K for the third time, while buyers are still defending the lower levels.
And the pressure isn’t coming from just one place.
📉 ETF flows have cooled
📈 Treasury yields remain high
💵 The dollar is gaining strength
⚠️ Leverage is building in the futures market
But there’s a bullish side too:
Over 24,000 BTC recently left centralized exchanges — meaning less BTC is immediately available for selling.
Today, U.S.-linked wallets also moved 833 BTC to Coinbase Prime, but the market barely reacted.
So right now, I see a battle:
$87K → bulls need to break it
$83K–84K → important near-term support
$79K → bigger downside level
BTC doesn’t look dead.
It looks like it’s being squeezed between resistance and support.
The next clean breakout could decide the next big move. 👀
Do you think BTC breaks $87K this week or gets rejected again?
$BTC
DYOR. Not financial advice.
Bitcoin keeps hitting the same wall:
$87K. 👀
BTC has been rejected around $87K for the third time, while buyers are still defending the lower levels.
And the pressure isn’t coming from just one place.
📉 ETF flows have cooled
📈 Treasury yields remain high
💵 The dollar is gaining strength
⚠️ Leverage is building in the futures market
But there’s a bullish side too:
Over 24,000 BTC recently left centralized exchanges — meaning less BTC is immediately available for selling.
Today, U.S.-linked wallets also moved 833 BTC to Coinbase Prime, but the market barely reacted.
So right now, I see a battle:
$87K → bulls need to break it
$83K–84K → important near-term support
$79K → bigger downside level
BTC doesn’t look dead.
It looks like it’s being squeezed between resistance and support.
The next clean breakout could decide the next big move. 👀
Do you think BTC breaks $87K this week or gets rejected again?
$BTC
DYOR. Not financial advice.