$BTC Binance Latest Analysis -
*Current Price:* $83,077 - $83,300 (down -1.2% in the last 24 hours)
BTC/USDT on Binance reached a low of $82,776 today b3c1d3ea
*Binance Analysis:*
- *Support Zone:* $82,000 - $83,000 - this is the immediate demand zone. If it breaks, $80,000 and then $81,400 will be the next levels
- *Resistance:* $84,500 - $85,000. Sustaining above this range would stabilize the trend. $87,145 is a strong resistance above
- *Liquidations:* Over the last 24 hours, there were $714M+ in liquidations, with 124k traders liquidated - the largest liquidation on Binance was $26.6M in ETH
- *ETF Flows:* Volatile - $118M in inflows on Oct 6, and $168M in outflows on Oct 7
- *Sentiment:* Monthly RSI is 53.4 - still above 50, which means this is not a bear market, but a consolidation phase cc79d83cd3ea
*Short-term View:* Risk-off sentiment prevails due to oil at $101+ and US yields at 5.34%. BTC is testing $82.5k-$83.5k. Reclaiming $83,800 would bring stability; otherwise, it could fall to $81.5k.
This is not financial advice. Do your own research before trading.#IMFSaysTokenizedMarketsSmall #FedMinutesFocusOnOctoberPause #VitalikWarnsAICouldWeakenCryptographySecurity #IMFGrantsWaiverForElSalvadorBitcoinBreach
*Current Price:* $83,077 - $83,300 (down -1.2% in the last 24 hours)
BTC/USDT on Binance reached a low of $82,776 today b3c1d3ea
*Binance Analysis:*
- *Support Zone:* $82,000 - $83,000 - this is the immediate demand zone. If it breaks, $80,000 and then $81,400 will be the next levels
- *Resistance:* $84,500 - $85,000. Sustaining above this range would stabilize the trend. $87,145 is a strong resistance above
- *Liquidations:* Over the last 24 hours, there were $714M+ in liquidations, with 124k traders liquidated - the largest liquidation on Binance was $26.6M in ETH
- *ETF Flows:* Volatile - $118M in inflows on Oct 6, and $168M in outflows on Oct 7
- *Sentiment:* Monthly RSI is 53.4 - still above 50, which means this is not a bear market, but a consolidation phase cc79d83cd3ea
*Short-term View:* Risk-off sentiment prevails due to oil at $101+ and US yields at 5.34%. BTC is testing $82.5k-$83.5k. Reclaiming $83,800 would bring stability; otherwise, it could fall to $81.5k.
This is not financial advice. Do your own research before trading.#IMFSaysTokenizedMarketsSmall #FedMinutesFocusOnOctoberPause #VitalikWarnsAICouldWeakenCryptographySecurity #IMFGrantsWaiverForElSalvadorBitcoinBreach