𝐁𝐓𝐂 𝐰𝐞𝐞𝐤𝐥𝐲 𝐜𝐥𝐨𝐬𝐞 𝐰𝐚𝐭𝐜𝐡
BTC is trading around $77.9K in my latest snapshot still below the ~$78.2K level highlighted on this chart. The weekly candle has not closed yet; one intraday move won’t confirm a breakout or breakdown.
𝐈𝐟 𝐁𝐓𝐂 𝐜𝐥𝐨𝐬𝐞𝐬 𝐛𝐞𝐥𝐨𝐰 ~$78.2K: the bearish retest idea remains in play with the $76.2K–$76.3K area worth watching.
If it reclaims and holds above ~$78.2K: that would improve the short term structure. The chart’s ~$80.4K and ~$82.3K levels are potential resistance areas not guaranteed targets.
Flow context: U.S. spot BTC ETFs saw $643.2M in net outflows on Oct 30, including $233.7M from IBIT and $201M from FBTC. That left the Oct 26–30 week at about -$202.4M net. It happened amid the exchange security headlines, but the flow data alone can’t prove why investors sold.
The roughly $10.9B Deribit monthly expiry settled on Oct 30. It’s already behind us; expiry clearing does not guarantee volatility or downside pressure is over. Binance’s latest update says about 95% of affected assets are covered and withdrawals are being restored in phases check your specific asset and network status.
I’m watching the weekly close and the $76.2K–$76.3K zone. Levels are scenarios not signals. NFA. $BTC $ETH
BTC is trading around $77.9K in my latest snapshot still below the ~$78.2K level highlighted on this chart. The weekly candle has not closed yet; one intraday move won’t confirm a breakout or breakdown.
𝐈𝐟 𝐁𝐓𝐂 𝐜𝐥𝐨𝐬𝐞𝐬 𝐛𝐞𝐥𝐨𝐰 ~$78.2K: the bearish retest idea remains in play with the $76.2K–$76.3K area worth watching.
If it reclaims and holds above ~$78.2K: that would improve the short term structure. The chart’s ~$80.4K and ~$82.3K levels are potential resistance areas not guaranteed targets.
Flow context: U.S. spot BTC ETFs saw $643.2M in net outflows on Oct 30, including $233.7M from IBIT and $201M from FBTC. That left the Oct 26–30 week at about -$202.4M net. It happened amid the exchange security headlines, but the flow data alone can’t prove why investors sold.
The roughly $10.9B Deribit monthly expiry settled on Oct 30. It’s already behind us; expiry clearing does not guarantee volatility or downside pressure is over. Binance’s latest update says about 95% of affected assets are covered and withdrawals are being restored in phases check your specific asset and network status.
I’m watching the weekly close and the $76.2K–$76.3K zone. Levels are scenarios not signals. NFA. $BTC $ETH
