$BTC a touché 86 667 $ this Sunday, October 4, around 22:15 UTC on Kraken, less than two hours before the weekly close. This is its highest level since the rejection at $87,229 on October 2.
What the chart shows: a week that opened at $84,444 (Monday 00:00 UTC), a spike around the time of the US jobs report Friday, a pullback, then a stepped-up Sunday that accelerates late in the evening. By 22:50 UTC, the price holds around $86,385, or +2.3% for the week. If the daily candle closes at this level, it will be the highest daily close since September 21 ($86,594), above the $86,197 close from the 22nd.
Three figures to gauge the strength of the move:
- Kraken volume: 174 BTC traded in the 22:00 UTC hour, about 5.8 times Sunday’s hourly average (~30 BTC). Still far from the 570 BTC/h on October 2. This is weekend volume, not weekly volume.
- OKX funding on the BTC perp: +0.0055% per 8 hours, nearly neutral. No visible leverage frenzy.
- Spot ETF flows: +$134.4M net over the first two October sessions (Decrypt tracker, 4/10), after -$148.7M on September 30.
My take: CryptoSlate reminded readers this Sunday that the $86,000 zone corresponds to the level before the jobs report, and that a real rebound needed to be supported by repeated ETF buying. The price has returned there, but it’s a Sunday night—thin liquidity. Confirmation plays out Monday, not tonight.
If the close holds above $86,000 and Monday’s ETF sessions remain positive (with the US services data), then the $87,200 retest becomes the logical scenario. If the price slips back under ~ $85,800 (the base of the 22:00 UTC push), that looks like a weekend wick, with a likely return between $84,700 and $85,500. Below $84,707, Sunday’s low, the bullish read fades.
Weekly close above $86k: do you treat it as a signal, or do you wait for Monday’s ETF flows before believing?
$BTC
#Bitcoin #BinanceSquare #Crypto
What the chart shows: a week that opened at $84,444 (Monday 00:00 UTC), a spike around the time of the US jobs report Friday, a pullback, then a stepped-up Sunday that accelerates late in the evening. By 22:50 UTC, the price holds around $86,385, or +2.3% for the week. If the daily candle closes at this level, it will be the highest daily close since September 21 ($86,594), above the $86,197 close from the 22nd.
Three figures to gauge the strength of the move:
- Kraken volume: 174 BTC traded in the 22:00 UTC hour, about 5.8 times Sunday’s hourly average (~30 BTC). Still far from the 570 BTC/h on October 2. This is weekend volume, not weekly volume.
- OKX funding on the BTC perp: +0.0055% per 8 hours, nearly neutral. No visible leverage frenzy.
- Spot ETF flows: +$134.4M net over the first two October sessions (Decrypt tracker, 4/10), after -$148.7M on September 30.
My take: CryptoSlate reminded readers this Sunday that the $86,000 zone corresponds to the level before the jobs report, and that a real rebound needed to be supported by repeated ETF buying. The price has returned there, but it’s a Sunday night—thin liquidity. Confirmation plays out Monday, not tonight.
If the close holds above $86,000 and Monday’s ETF sessions remain positive (with the US services data), then the $87,200 retest becomes the logical scenario. If the price slips back under ~ $85,800 (the base of the 22:00 UTC push), that looks like a weekend wick, with a likely return between $84,700 and $85,500. Below $84,707, Sunday’s low, the bullish read fades.
Weekly close above $86k: do you treat it as a signal, or do you wait for Monday’s ETF flows before believing?
$BTC
#Bitcoin #BinanceSquare #Crypto
