KanT Crypto

⚠️ The $87K Wall Just Blocked Bitcoin for the Third Time

Same wall. Same result.

Late September: rejected at $87.4K.
October 2: rejected at $87.2K.
October 5: rejected near $87K, then sold straight down to $85K.

Now BTC sits at $85,660 on the 4H, catching its breath. 👀

For the record, last time we said another rejection would make $85K the first stop. That's exactly where the selling paused, and the level is holding for now.

Look closer at those tops, though. Each push peaks a little lower: $87.4K, $87.2K, $87K, then $86.7K, and the latest bounce stalled near $86.1K. Buyers keep showing up, just with less force each time.

The lows tell the opposite story: $83.9K after the jobs-report flush, $85K this time. Higher lows under lower highs means the range is getting squeezed from both sides, and squeezes don't last forever.

The levels.
A 4H close above $87.4K finally breaks the wall, and the September highs turn into support.
Lose $85K, and the $83.2K to $84.1K demand zone is next, the same area that caught the last flush.

When a range tightens like this, the break usually comes fast. Let it pick a direction before you do.

Fourth try breaks the wall, or does $85K crack first? 🔥

Not financial advice.
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💥BREAKING:

🇺🇸 US CPI data came in at 0.4% MOM

Expectations: 0.3%
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🚨 CRASH IN JAPAN:

¥40.8 TRILLION wiped from Japanese stocks.

The AI bubble popped in Asia...
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🚨 BREAKING: 🇺🇸 Gold and silver just added $1.7 TRILLION since the midterm results. $600B of it in two hours.

Nobody wired that money in.

That number is price times every ounce ever mined, about 7 billion ounces of gold alone, wedding rings included. A far smaller flow of buying repriced the whole pile. Paper value, on a very real move.

Gold: ~$3,943 to $4,140, six straight green 4H candles
Silver: under $50 to about $53
Dollar index: ~101.3, a one-month low
Same 4H candle: gold +1.68%, Bitcoin flat

Markets read the result as a brake on tax cuts and spending, so yields and the dollar fell, exactly what a no-interest metal wants. But the vote didn’t build this. A selling climax near $3,880 (sellers exhausted), a CHoCH over $3,900 (first sign of a trend flip) and a retest holding $3,904 all printed before the first result. The election just lit the fuse.

Now the wall. Supply starts at $4,162, right above a near-vertical candle. CME FedWatch still shows roughly 80% odds of a December hike, and ANZ warns less government borrowing could weaken a key gold support. Gold is still about 26% below its record.

What to watch:
Close above $4,217 and hold → $4,365, then the 200-day near $4,490.
Reject and lose $4,036 → back inside the accumulation box, $3,978 next.

A softer dollar should help Bitcoin too, yet metals are collecting first.

Friday’s jobs report can reset all of it, so let a close confirm the move.

Trend change, or a spike into a wall?

Not financial advice.
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JUST IN: 🇮🇷 Iran leader Khamenei says further attacks to bring ‘far wider’ response.
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BREAKING: 🇺🇸 Democrat James Talarico defeats Trump-backed Ken Paxton to win the Texas US Senate seat.

A Democrat has not won a US Senate election in Texas since 1988.
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🚨 Brutal crash in the China.

CN¥1.6 TRILLION has been wiped out from Chinese stocks today.

China's stock market has now been bleeding for 7 straight weeks.
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🛢️ BREAKING: 🇮🇷 US crude cracks $100 as Iran’s Doha talks stretch into a third day.

From near $104 to about $100 in one slide, with every bounce sold and a gap lower around $102 along the way.

Brent, the global one, was still near $112 earlier Monday, so the world isn’t paying under $100 yet. One analyst also called the drop a technical pullback after last week’s strong gains.

The hope is real but unfinished. Qatar is trying to compress Iran’s seven-day peace plan to two days, with Hormuz reopening within two days of a US deal. Tehran wants the naval blockade ended, oil sanctions lifted and frozen assets released. Foreign Minister Araqchi calls the talks “ongoing and progressing,” but says nothing is final.

This calm may also have an expiry date. Trump said no new strikes before Tuesday’s midterms and hasn’t ruled them out afterward, while Iran’s armed forces were told to prepare for attack. The same analyst sees Brent toward $120 if rhetoric heats up after the vote.

For Bitcoin near $78K, a signed Hormuz deal would ease the inflation story. A dip on hope doesn’t do that yet.

The map is simple. WTI holds under $100 and Doha produces terms, and the slide has room to run. It reclaims $101.50 as talks stall, and this was just a pullback, with $104 back in view.

Oil can reverse on one headline, so keep size sensible.

Real de-escalation, or just pre-election calm?

Not financial advice.
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🚨 BREAKING: 🇺🇸🇷🇺 The US is pushing to restart Russian gas flows to Europe through Ukraine, per WSJ.

Europe’s gas benchmark topped €100 last week, more than triple its February level. Winter is the leverage.

The goal is an energy ceasefire, where both sides stop hitting each other’s energy sites. Russia would get a customer back, and Kyiv could recover transit fees worth about $1 billion a year.

Brussels is the first wall. The European Commission said last week its phase-out law stands regardless of any peace deal, with pipeline imports ending by late 2027. The second is scale. The Ukraine route carried only about 15 billion cubic meters in 2023, and today’s squeeze comes mostly from the Gulf: Qatari LNG is missing and EU storage sits near 75%, against the usual 90%.

US LNG replaced much of that Russian gas, so Washington would be helping a rival to its own exporters.

Skepticism is earned. Trump declared an energy ceasefire on October 11. Zelensky said it was news to him, and strikes continued.

Cheaper European energy would ease one inflation pressure, but that’s a slow burn for Bitcoin, now near $78K and just above last week’s six-week low around $76K.

Watch the European gas open, the reply from EU capitals, and whether Kyiv and Moscow sign anything. Tomorrow’s US midterms may matter more for crypto this week.

Peace headlines reverse fast. Keep size sensible.

Winter bargain, or another headline Europe blocks?

Not financial advice.
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