10.7 Bitcoin Silk Road $BTC
BTC is currently around 85,330, after dipping to 85,307 just now. The short-term trend remains weak. As the chart shows, the price has been moving lower. MA7 is at 85,345 and MA30 at 85,433, with both moving averages acting as short-term resistance. There is no clear sign of a bottom yet.
The key level to watch today is around 85,300. If it holds, first watch for a rebound toward 85,430–85,550, then 85,600–85,650. If the price gets firmly back above 85,650, the next level to watch is around 85,800.
If 85,300 breaks decisively, watch 85,000 first, then the 84,650–84,400 area. Avoid chasing the price blindly here; wait for the key levels to stabilize before entering.
As for the broader environment, U.S. Treasury yields remain elevated and the U.S. Dollar Index is around 101.94. Although market expectations for another rate hike in October have cooled significantly, risks related to the Middle East situation and the Strait of Hormuz remain. Overall, investor sentiment is still cautious.
Key takeaway: BTC is likely to trade weakly within a range today, with 85,300 as the key short-term level. If it holds, watch for a rebound; if it breaks, look to the support levels below and don’t rush to buy the dip. $BTC #美联储10月维持利率概率升至82.3%
BTC is currently around 85,330, after dipping to 85,307 just now. The short-term trend remains weak. As the chart shows, the price has been moving lower. MA7 is at 85,345 and MA30 at 85,433, with both moving averages acting as short-term resistance. There is no clear sign of a bottom yet.
The key level to watch today is around 85,300. If it holds, first watch for a rebound toward 85,430–85,550, then 85,600–85,650. If the price gets firmly back above 85,650, the next level to watch is around 85,800.
If 85,300 breaks decisively, watch 85,000 first, then the 84,650–84,400 area. Avoid chasing the price blindly here; wait for the key levels to stabilize before entering.
As for the broader environment, U.S. Treasury yields remain elevated and the U.S. Dollar Index is around 101.94. Although market expectations for another rate hike in October have cooled significantly, risks related to the Middle East situation and the Strait of Hormuz remain. Overall, investor sentiment is still cautious.
Key takeaway: BTC is likely to trade weakly within a range today, with 85,300 as the key short-term level. If it holds, watch for a rebound; if it breaks, look to the support levels below and don’t rush to buy the dip. $BTC #美联储10月维持利率概率升至82.3%