$BTC is trading around $86K — but the real question isn’t “Can Bitcoin go higher?”
It’s where the risk/reward actually makes sense.
The bigger picture is still interesting.
Spot Bitcoin ETFs saw around $6.34B of net inflows in Q3, while cumulative net inflows since launch reached roughly $57.6B.
Strategy also bought another 1,665 BTC at an average price of around $85,681, bringing its holdings to 847,666 BTC.
Meanwhile, the September U.S. jobs report came in much weaker than expected, with only 29K jobs added versus expectations around 84–90K. This could give the Fed more room to ease policy, which is generally supportive for risk assets.
But I’m not interested in chasing BTC at $86K.
BTC is approaching major resistance around $87.4K, with $90K as the next psychological level.
More importantly, Open Interest has increased by roughly $2.3B in just a few days, while funding rates are also rising.
That can fuel a breakout — but if BTC gets rejected, the same leverage can trigger a fast long squeeze.
So these are the two setups I’m watching:
🟢 Breakout: BTC breaks above $87.4K, closes strongly, and successfully retests it → $90K+ becomes interesting.
🟡 Pullback: BTC gets rejected around $87–90K and returns toward $84–85K, or even $82–83K, while keeping the structure intact → potentially a better risk/reward entry than chasing here.
🔴 If BTC loses $82–83K, I’d become more cautious about the short-term structure, with $80K as the next level to watch.
October also brings two major catalysts: U.S. CPI on October 14 and the FOMC meeting on October 27–28.
Bottom line: I’m still constructive on BTC, but being bullish doesn’t mean you have to buy right now.
Sometimes waiting for a better entry is a position too.
What comes first?
👇$90K breakout or another test of $82–83K? 👀
#BTC #Bitcoin #Crypto #Trading #Binance
It’s where the risk/reward actually makes sense.
The bigger picture is still interesting.
Spot Bitcoin ETFs saw around $6.34B of net inflows in Q3, while cumulative net inflows since launch reached roughly $57.6B.
Strategy also bought another 1,665 BTC at an average price of around $85,681, bringing its holdings to 847,666 BTC.
Meanwhile, the September U.S. jobs report came in much weaker than expected, with only 29K jobs added versus expectations around 84–90K. This could give the Fed more room to ease policy, which is generally supportive for risk assets.
But I’m not interested in chasing BTC at $86K.
BTC is approaching major resistance around $87.4K, with $90K as the next psychological level.
More importantly, Open Interest has increased by roughly $2.3B in just a few days, while funding rates are also rising.
That can fuel a breakout — but if BTC gets rejected, the same leverage can trigger a fast long squeeze.
So these are the two setups I’m watching:
🟢 Breakout: BTC breaks above $87.4K, closes strongly, and successfully retests it → $90K+ becomes interesting.
🟡 Pullback: BTC gets rejected around $87–90K and returns toward $84–85K, or even $82–83K, while keeping the structure intact → potentially a better risk/reward entry than chasing here.
🔴 If BTC loses $82–83K, I’d become more cautious about the short-term structure, with $80K as the next level to watch.
October also brings two major catalysts: U.S. CPI on October 14 and the FOMC meeting on October 27–28.
Bottom line: I’m still constructive on BTC, but being bullish doesn’t mean you have to buy right now.
Sometimes waiting for a better entry is a position too.
What comes first?
👇$90K breakout or another test of $82–83K? 👀
#BTC #Bitcoin #Crypto #Trading #Binance
