🚨 Bitcoin’s next major test could be near $75,800.
BTC has fallen below the daily 50 MA around $82,000 and is now trading under $77K. The reported Binance hack and heavy long liquidations have added more pressure to an already weak market.
And it’s not just crypto. Rising oil prices above $100 and disappointing big tech earnings are weighing on risk assets.
👀 These are the levels I’m watching:
📍 $75,800 — Weekly MA 50 📍 $73,150 — Daily MA 200
I wouldn’t be surprised to see $BTC test these levels before a meaningful recovery begins.
For those who missed the July opportunity, this pullback could offer another chance to find entries — but confirmation matters.
📅 The November 3 U.S. midterms are another event to watch, with political expectations potentially influencing market sentiment.
The key question now: will buyers defend support, or is another leg down coming? 👇
🚨 Bitcoin is trying to stabilize, but the recovery still looks weak.
$BTC is trading around $77,393 after a sharp drop from the $81,953 high. Buyers stepped in near $76,270, but price is still struggling to build strong upward momentum.
👀 Here are the levels I’m watching:
📍 Support: $76,270 📍 Resistance: $78,500 📍 Major resistance: $80,000–$82,000
If BTC breaks above $78,500 with strength, we could see a recovery toward $80K. But if $76,270 fails, another move lower could follow.
For now, the market is showing hesitation. The next breakout could decide the short-term direction. 🎯
💰 Bitcoin is still holding above the $75,800 short-term holder cost basis.
That’s an important level to watch. Even with market weakness and U.S. stocks near their highs, BTC is trading above the average break-even price for short-term holders.
If this level holds, it could signal resilience. But a clean break below it may put more pressure on recent buyers.
For now, $75.8K is the level I’m watching closely. 👀
Bitcoin has dropped sharply below $80,000, showing continued weakness in the market. The next area to watch is the $76,000–$74,900 liquidity zone. If BTC reaches this range and buyers step in, it could offer a potential long opportunity, with $80,000 as the initial upside target.
🕯 Altcoin Market
Altcoins have also faced heavy selling pressure following reports of a Binance exchange hack, although several coins are showing relative strength.
💰 ETH is approaching a key support zone around $2,150. If buyers defend this level, a potential reversal could develop. Keep an eye on price action before expecting a recovery.
Stay alert. The next move depends on how buyers react at these key levels. 🎯
ENA moved sharply across the $0.166–$0.217 range over the past week, with price still struggling to establish a stable direction. Ethena’s governance token does not pay Ethereum validators directly, so ENA transfer activity and Ethereum’s security budget are separate things. The token’s security-related economics are not equivalent to miner fees and block rewards. So the protocol’s usage is real, but it barely translates into direct security revenue for ENA holders. ENA is cheap to transfer when Ethereum network fees are low, and that is the point. But ENA itself does not secure the network through mining or staking. Ethereum’s validator economics secure the underlying blockchain, while ENA’s value depends on governance, token supply and demand for the Ethena ecosystem. The date I keep circling is November 1. Current unlock schedules put it around that date, releasing roughly 275 million ENA, worth about $49 million at recent prices. This is a token supply event, not a halving. At current demand levels, ecosystem activity has to absorb that additional supply if the market is to avoid further pressure. I don’t think that’s a design flaw. When someone quotes the transaction count, the number that pays for security is a different one. ENAUSDT has fallen roughly 4% over the past week and remains inside a box: swing low near $0.166, high near $0.217. Underneath is the November 1 token unlock, which adds a clear supply catalyst to the picture. It still depends on how recipients handle those tokens, so it explains the attention, not a guaranteed direction. No directional call from the middle of a box after a move this size. Levels instead: Above $0.217: a daily close over it turns the old ceiling into a support test. Prior supply sits around $0.210–$0.217. Below $0.166: a daily close under it says the recovery is failing. Former trading support around $0.150–$0.160 is the next area. $0.166–$0.217: chop, roughly 27% wide. Window: the next several daily closes. ENA tends to amplify broader crypto-market moves, so a BTC range break can reset this read early. The breakout case is invalid on acceptance below $0.160
Bitcoin Cash moved about 13,682 transactions in the last 24 hours, with a median size near $13.50. Miners earned roughly 0.323 BCH in fees that day against about 437.5 BCH in block rewards. Fees were 0.07% of their revenue. Price, Blocks Count, Difficulty, Hashrate, Value
So the payments usage is real, and it barely touches the security budget.
BCH is cheap to use, with an average fee around $0.0044, and that is the point. But it also means the people running the network are paid almost entirely by issuance. Hashrate sits around 4.09 EH/s now, against a peak near 12.8 EH/s. Price, Blocks Count, Difficulty, Hashrate, Value +1
The date I keep circling is the next halving. Current estimates put it around April 2028, cutting the reward from 3.125 BCH to 1.5625 BCH. At current fee levels, payments can’t replace that reduction. Price, fees or mining efficiency has to. terminal.tokensmarketcap.com
I don’t think that’s a design flaw. When someone quotes the transaction count, the number that pays for security is a different one. BCHUSDT is up roughly 4.7% in a week and has stalled inside a box: swing low near $263.60, high near $304.80. Kodexius +1
Underneath is CME Group’s BCH futures launch on October 19, which expanded regulated derivatives access. The initial announcement drove a sharp rally, but that catalyst has largely played out, so it explains the attention, not a dated trigger. CME Group +1
No directional call from the middle of a box after a move this size. Levels instead:
Above $304.80: a daily close over it turns the old ceiling into a support test. Prior supply sits around $322–$349.
Below $263.60: a daily close under it says the breakout is failing. Former resistance at $250–$260 is the next area.
$263.60–$304.80: chop, roughly 13.5% wide.
Window: the next several daily closes. BCH tends to amplify BTC, so a BTC range break can reset this read early. The breakout case is invalid on acceptance below $263.60.
Despite the reported $6.3 billion hack, Bitcoin is still holding above the support trendline of the descending broadening wedge, showing notable resilience with no major downside reaction.
A sustained hold above this key support could set the stage for a potential rebound and recovery.
Keep a close eye on upcoming price action to see whether BTC can maintain this support and regain bullish momentum. $BTC
The ALTS Market Cap is consolidating within the descending channel and is currently facing rejection from the resistance trendline while holding above the channel’s support.
The Ichimoku cloud is acting as a key resistance barrier, limiting the upside momentum.
A rebound from the channel’s support trendline could trigger a short-term recovery across the altcoin market.
However, a breakdown below this support could lead to further downside. Keep a close eye on upcoming price action for confirmation.
$DOGE is experiencing a notable upside squeeze as short sellers got liquidated at $0.07612. Retail-driven momentum often accelerates once local resistance is cleared.
A massive short liquidation on $ETH near $2250.47 signals a significant shift in order flow. Bears are folding, leaving the door open for a trend reversal.