#ETH
*TODAY CRASH - Oct 7 Market Update*
*1. BITCOIN (BTC)*
- Price: *$83,312.01* down -2.68% today
- High/Low: $85,682 / $82,787 - broke below $84k support
- Market Cap: $1.72T
- Reason: Triple rejection at $87,000 + $89.9M ETF outflows + $546M long liquidations f722
*Signal:*
- *Bearish short-term.* Lost 20-day MA. If $83,000 fails, next is $80,000 - $80,278 (50-day MA)
- *Buy Zone:* $80k - $81.5k for bounce
- *Resistance to reclaim:* $85,500 then $87,300
*2. ETHEREUM (ETH)*
- Price: *$2,556.84* down -5.19%
- Opened $2,697, crashed to $2,553 - biggest dump today
- Liquidations: $232.67M in 24h, 95% longs wiped
- 24h Volume: $18.5B - very high sell volume 5c95f27d
*Signal:*
- *Oversold bounce coming.* Hourly RSI ∼27, daily RSI 34.2. Testing 50-day SMA $2,546
- *Support:* $2,550 (now), then $2,357
- *Resistance:* $2,620 - $2,700
- *Action:* Wait for reclaim of $2,620 before long. Short-term scalp long at $2,550 with tight SL $2,500
*Overall:* Fed minutes today + rising Treasury yields (10Y at 5.34%) are killing risk. This is liquidation flush, not trend reversal. Stair-step uptrend still intact if BTC holds $83k.
Today Updated.
*TODAY CRASH - Oct 7 Market Update*
*1. BITCOIN (BTC)*
- Price: *$83,312.01* down -2.68% today
- High/Low: $85,682 / $82,787 - broke below $84k support
- Market Cap: $1.72T
- Reason: Triple rejection at $87,000 + $89.9M ETF outflows + $546M long liquidations f722
*Signal:*
- *Bearish short-term.* Lost 20-day MA. If $83,000 fails, next is $80,000 - $80,278 (50-day MA)
- *Buy Zone:* $80k - $81.5k for bounce
- *Resistance to reclaim:* $85,500 then $87,300
*2. ETHEREUM (ETH)*
- Price: *$2,556.84* down -5.19%
- Opened $2,697, crashed to $2,553 - biggest dump today
- Liquidations: $232.67M in 24h, 95% longs wiped
- 24h Volume: $18.5B - very high sell volume 5c95f27d
*Signal:*
- *Oversold bounce coming.* Hourly RSI ∼27, daily RSI 34.2. Testing 50-day SMA $2,546
- *Support:* $2,550 (now), then $2,357
- *Resistance:* $2,620 - $2,700
- *Action:* Wait for reclaim of $2,620 before long. Short-term scalp long at $2,550 with tight SL $2,500
*Overall:* Fed minutes today + rising Treasury yields (10Y at 5.34%) are killing risk. This is liquidation flush, not trend reversal. Stair-step uptrend still intact if BTC holds $83k.
Today Updated.
