📊 BTC/USDT Daily Technical Update — Oct 29, 2026
Current Price: $80,234
🔹 RSI(14): 42.6 — Bearish territory. RSI has dropped from 47 to 42, confirming continued selling pressure. No oversold bounce yet, but approaching the 40 zone where buyers historically accumulate.
🔹 MACD(12,26,9): Bearish. MACD line (-543) sits well below the signal line (-337), with a widening negative histogram (-205). No bullish crossover in sight — momentum remains firmly to the downside.
📌 Key Levels to Watch:
• Support: $80,000–$80,150 — 30-day range low. A close below here targets $78,500.
• Resistance: $84,000–$85,000 — dense supply from mid-October consolidation.
• Upside target if recovery: $86,500 (30-day high).
⚡ BTC is in a corrective phase after the $87K rejection. RSI declining without hitting oversold suggests more downside is possible before a sustained reversal. The $80K level is the key line in the sand.
#BTC #Bitcoin #Binance #TechnicalAnalysis #CryptoTrading
Current Price: $80,234
🔹 RSI(14): 42.6 — Bearish territory. RSI has dropped from 47 to 42, confirming continued selling pressure. No oversold bounce yet, but approaching the 40 zone where buyers historically accumulate.
🔹 MACD(12,26,9): Bearish. MACD line (-543) sits well below the signal line (-337), with a widening negative histogram (-205). No bullish crossover in sight — momentum remains firmly to the downside.
📌 Key Levels to Watch:
• Support: $80,000–$80,150 — 30-day range low. A close below here targets $78,500.
• Resistance: $84,000–$85,000 — dense supply from mid-October consolidation.
• Upside target if recovery: $86,500 (30-day high).
⚡ BTC is in a corrective phase after the $87K rejection. RSI declining without hitting oversold suggests more downside is possible before a sustained reversal. The $80K level is the key line in the sand.
#BTC #Bitcoin #Binance #TechnicalAnalysis #CryptoTrading