First, a look at the market:

$BTC 79,558.96 (-1.65%)｜$ETH 2305.62 (-2.55%)｜BNB 736.74 (-1.02%)｜SOL 100.7 (-1.68%)

During the pullback, first see whether support can hold.

News:

1. CZ reposts BNB Chain’s new L1 plan: multiple chains, one coin

2. An address suspected to belong to the same whale deposited $37.83 million worth of HYPE to an exchange

3. B2 will unlock about $1.37 million worth of tokens on October 29, representing 7.64% of the circulating supply

4. ALT will unlock about $1.55 million worth of tokens today, representing 3.16% of the circulating supply

What people are talking about:

#韩国拟将稳定币纳入外汇法监管 #英国算法加密交易应用或需FCA授权

Market flows:

Fear & Greed Index: 50 (neutral), down 4 from yesterday

BTC market-wide account long/short ratio: 2.24, with longs at 69.2%

$11.04 million in liquidations market-wide over the past hour, 96.3% of them long positions

Top movers:

Top gainers: CAP +38.67%, ERA +22.36%, DOS +13.97%

Top losers: JCT -32.54%, T -27.39%, Q -26.67%

My take:

Keep positions light until the direction is clear, and first watch how BTC fares at key levels.

Are you leaning bullish or bearish today? Let’s chat in the comments.