$RLC
🔥 A few days ago, after the nonfarm payrolls sent BTC soaring to 87,249, it plunged back to 83,000. The bulls had just capitulated and left, and now $BTC has climbed back to 86,092 😂. This market maker really played both sides like fools this time 🐒
The latest ADP data was even more interesting: weekly employment increased by 23,750, above the previous figure of 20,000. The job market hasn’t collapsed, but it’s not exactly booming either. The market immediately pushed the odds of rates holding steady in October up to 82.3%. CME FedWatch shows the odds of a rate hike down to just 17.7%, with expectations for monetary easing back in play.
$BTC
BTC is now sitting near the EMA(7) at 86,060, and the RSI(6) has climbed back to 58.2—momentum is mildly bullish. The 86,500–87,200 zone above has repeatedly capped price this week, while 85,500–85,800 is short-term support. Longs can watch the 85,500–86,000 zone, with a stop below 85,000. For shorts, consider waiting for a weak rebound near 86,500–87,000, with a stop above 87,500. Don’t fight the trend.
$ETH
At 2,710.60, with the EMA(7) at 2,711, price is hovering around the moving average. The RSI(6) is only 51.12, neutral to slightly weak. The 2,676–2,700 zone is short-term support, while 2,722–2,760 is resistance. Try a small long position near 2,700, with a stop below 2,650; for shorts, wait for signs of weakness near 2,740.
Are you bullish or bearish right now? Did this shakeout get to you? Drop your bias in the comments and let’s see who got schooled by the market maker 👇 Follow me for the latest updates as soon as the market moves.
#美联储10月维持利率概率升至82.3%
🔥 A few days ago, after the nonfarm payrolls sent BTC soaring to 87,249, it plunged back to 83,000. The bulls had just capitulated and left, and now $BTC has climbed back to 86,092 😂. This market maker really played both sides like fools this time 🐒
The latest ADP data was even more interesting: weekly employment increased by 23,750, above the previous figure of 20,000. The job market hasn’t collapsed, but it’s not exactly booming either. The market immediately pushed the odds of rates holding steady in October up to 82.3%. CME FedWatch shows the odds of a rate hike down to just 17.7%, with expectations for monetary easing back in play.
$BTC
BTC is now sitting near the EMA(7) at 86,060, and the RSI(6) has climbed back to 58.2—momentum is mildly bullish. The 86,500–87,200 zone above has repeatedly capped price this week, while 85,500–85,800 is short-term support. Longs can watch the 85,500–86,000 zone, with a stop below 85,000. For shorts, consider waiting for a weak rebound near 86,500–87,000, with a stop above 87,500. Don’t fight the trend.
$ETH
At 2,710.60, with the EMA(7) at 2,711, price is hovering around the moving average. The RSI(6) is only 51.12, neutral to slightly weak. The 2,676–2,700 zone is short-term support, while 2,722–2,760 is resistance. Try a small long position near 2,700, with a stop below 2,650; for shorts, wait for signs of weakness near 2,740.
Are you bullish or bearish right now? Did this shakeout get to you? Drop your bias in the comments and let’s see who got schooled by the market maker 👇 Follow me for the latest updates as soon as the market moves.
#美联储10月维持利率概率升至82.3%
