#BTC After surging, the price pulled back—is this a shakeout or a top?
Bitcoin just surged to $86,976 before meeting resistance and pulling back. It’s now trading around $86,073.
This move coincided with three major developments:
📌 Bitcoin spot ETFs saw $6.34 billion in net inflows in Q3 📌 The odds of a Fed rate hike in October fell to 17% 📌 BTC met resistance and pulled back after testing $87,000
There’s plenty of positive news, but the price still couldn’t hold above $87,000.
Looking at the chart, the long upper wick left after the surge shows that there was significant selling pressure near $87,000.
For now, though, I’m more inclined to view this pullback as:
A shakeout during an uptrend, rather than a near-term top.
Why?
On the one hand, institutional money continues to flow in, providing ongoing support for BTC from long-term investors. On the other hand, the current macro environment hasn’t deteriorated significantly.
The price has now pulled back to test moving-average support around $86,000. The key thing to watch next is how well this level holds.
As long as $85,800 isn’t decisively broken, this short-term pullback looks more like a shakeout within the broader uptrend.
What we really need to watch out for is a change in market structure if support fails.
So there’s no need to rush to a conclusion just yet— A pullback after a surge doesn’t necessarily mean we’ve hit a top; it could also be building momentum for the next breakout.
#BTC After surging, the price pulled back—is this a shakeout or a top?
Bitcoin just surged to $86,976 before meeting resistance and pulling back. It’s now trading around $86,073.
This move coincided with three major developments:
📌 Bitcoin spot ETFs saw $6.34 billion in net inflows in Q3 📌 The odds of a Fed rate hike in October fell to 17% 📌 BTC met resistance and pulled back after testing $87,000
There’s plenty of positive news, but the price still couldn’t hold above $87,000.
Looking at the chart, the long upper wick left after the surge shows that there was significant selling pressure near $87,000.
For now, though, I’m more inclined to view this pullback as:
A shakeout during an uptrend, rather than a near-term top.
Why?
On the one hand, institutional money continues to flow in, providing ongoing support for BTC from long-term investors. On the other hand, the current macro environment hasn’t deteriorated significantly.
The price has now pulled back to test moving-average support around $86,000. The key thing to watch next is how well this level holds.
As long as $85,800 isn’t decisively broken, this short-term pullback looks more like a shakeout within the broader uptrend.
What we really need to watch out for is a change in market structure if support fails.
So there’s no need to rush to a conclusion just yet— A pullback after a surge doesn’t necessarily mean we’ve hit a top; it could also be building momentum for the next breakout.
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U.S. nonfarm payrolls rose by just 29,000 in September, well below expectations. The market has largely ruled out an October rate hike, sending Bitcoin surging to $86,000. It briefly approached $87,000, an eight-month high, before pulling back, but remains above $86,000. Ethereum is hovering around $2,700, while the Fear and Greed Index is around 70, in the greed zone. ADA led the market with a roughly 10% daily gain, and DOGE rose more than 3%. On the institutional front, Metaplanet added a net 1,000 BTC in Q3, bringing its holdings to 44,000 BTC. Saylor again posted “Getting more orange,” hinting at another purchase. Keep an eye on the approximately $339 million worth of HYPE tokens unlocking tomorrow; $87,000 remains a key resistance level.
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$BTC Crypto and stocks plunge, crude oil CL surges!
A Gulf of Mexico storm threatens 15% of U.S. oil production; analysts believe the risk could push crude prices to $100. According to analyst Eamonn Sheridan, a storm that formed in the Gulf of Mexico on October 7 is expected to become the first hurricane of the 2026 Atlantic hurricane season within two days, potentially disrupting oil and gas facilities. The affected area accounts for about 15% of U.S. crude oil production and 5% of natural gas production, with as many as six refineries at risk. Given that Gulf Coast refineries account for about half of the United States' 18 million barrels per day of refining capacity, any supply disruption would pose a significant threat. Meanwhile, tensions in the Middle East escalated overnight, with Saudi airports attacked twice as fighting intensified between pro-Saudi Yemeni forces and the Iran-backed Houthi rebels. Sheridan concluded that unless the storm weakens significantly or tensions in the Middle East ease, the current balance of risks favors crude prices staying around $100 per barrel.
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