Guys, BTC is hovering around 83k again today. It surged to 87k earlier but got knocked back down, dipping to around 81k before bouncing back to 83–84k. Feels like it's catching its breath.
Expectations for Uptober were high, but ETFs have seen continued outflows, and sentiment has shifted from greed to neutral, with the Fear & Greed Index dropping to around 56. The sharp sell-off in South Korean tech stocks also weighed on sentiment, and the market seems a bit spooked.
Technically, 84k is strong resistance. If BTC can't break through, it may keep trading sideways. Support is at 81–82k; a break below that could mean another test of 80k. Institutions are still buying, but retail investors are getting a little nervous.
I think this is a healthy correction, not a crash. Futures traders, watch your leverage—don't go all in. You can consider building a spot position gradually on dips. In the long run, BTC is still digital gold.
$BTC $ETH
Tap follow, and you'll get the next update sooner!!
Expectations for Uptober were high, but ETFs have seen continued outflows, and sentiment has shifted from greed to neutral, with the Fear & Greed Index dropping to around 56. The sharp sell-off in South Korean tech stocks also weighed on sentiment, and the market seems a bit spooked.
Technically, 84k is strong resistance. If BTC can't break through, it may keep trading sideways. Support is at 81–82k; a break below that could mean another test of 80k. Institutions are still buying, but retail investors are getting a little nervous.
I think this is a healthy correction, not a crash. Futures traders, watch your leverage—don't go all in. You can consider building a spot position gradually on dips. In the long run, BTC is still digital gold.
$BTC $ETH
Tap follow, and you'll get the next update sooner!!