10.09 $BTC Market Analysis
Bitcoin has been sliding ever since October 5, when it was at 86,900. Yesterday it hit a low near 80,300. ETH weakened along with it, and we’ve been taking profits on our short positions as the market fell.
The daily chart has now posted four consecutive bearish candles. Although the price touched the lower Bollinger Band, it hasn’t broken below it decisively, and the bands are gradually flattening out. Since today is Friday, we’ll most likely see some consolidation at lower levels first. However, unless the price can firmly reclaim and hold above 83,000, there’s still a chance it will probe lower again next week.
For intraday trading, the key resistance is around 82,500. On the 4-hour chart, buyers did step in around 80,300 yesterday, but a single lower wick won’t be enough to hold the price up. We’ll most likely see another retest of the low today. If the price breaks below 80,000 and quickly recovers, you could try a short-term rebound trade. The broader trend remains range-bound with a bearish bias, so don’t rush to buy the dip.
👉 Trading reference: Consider opening short positions in the 82,500–83,000 resistance zone, with targets at 81,500–80,000. Use a stop-loss and don’t let losing positions run. For more real-time levels, follow 点击进入聊天室
#比特币跌破8.1万美元 $ETH $OGN
Bitcoin has been sliding ever since October 5, when it was at 86,900. Yesterday it hit a low near 80,300. ETH weakened along with it, and we’ve been taking profits on our short positions as the market fell.
The daily chart has now posted four consecutive bearish candles. Although the price touched the lower Bollinger Band, it hasn’t broken below it decisively, and the bands are gradually flattening out. Since today is Friday, we’ll most likely see some consolidation at lower levels first. However, unless the price can firmly reclaim and hold above 83,000, there’s still a chance it will probe lower again next week.
For intraday trading, the key resistance is around 82,500. On the 4-hour chart, buyers did step in around 80,300 yesterday, but a single lower wick won’t be enough to hold the price up. We’ll most likely see another retest of the low today. If the price breaks below 80,000 and quickly recovers, you could try a short-term rebound trade. The broader trend remains range-bound with a bearish bias, so don’t rush to buy the dip.
👉 Trading reference: Consider opening short positions in the 82,500–83,000 resistance zone, with targets at 81,500–80,000. Use a stop-loss and don’t let losing positions run. For more real-time levels, follow 点击进入聊天室
#比特币跌破8.1万美元 $ETH $OGN