🔻 WEEKLY CLOSE: UPTOBER ON PAUSE
$BTC closed the week at US$ 82.926. It started October nearing 87,000 and ended by giving back all its gains for the month. 📉
What happened?
🛢️ Oil climbed back above US$ 100 amid tensions in the Middle East.
📈 U.S. bond yields and the dollar rose: less appetite for risk.
🧱 Third rejection in two weeks in the 87K zone. The market couldn't break through.
💥 Nearly US$ 700 million liquidated in a single day, the vast majority of them long positions.
🏛️ U.S. government wallets moved more than 10,000 BTC to Coinbase Prime, adding to fears of further selling.
Levels I'm watching:
✅ Support: US$ 82.000. It held up at the end of September.
⚠️ If it breaks: US$ 81.300 is the next floor.
🎯 To recover: first US$ 84.000. The broader ceiling remains at 87,000.
What's coming up:
📅 October 14: U.S. inflation data (CPI).
📅 October 27 and 28: Fed meeting.
The weekend brings low volume and sharp moves. With the price hugging support, this isn't the time to use leverage: it's time to protect your capital and wait for confirmation. 🧠
What do you see: a bounce from here or another leg down? 👇
This is not financial advice. Do your own research.
#bitcoin #BTC #Uptober #CryptoMarket #BinanceSquare
$BTC closed the week at US$ 82.926. It started October nearing 87,000 and ended by giving back all its gains for the month. 📉
What happened?
🛢️ Oil climbed back above US$ 100 amid tensions in the Middle East.
📈 U.S. bond yields and the dollar rose: less appetite for risk.
🧱 Third rejection in two weeks in the 87K zone. The market couldn't break through.
💥 Nearly US$ 700 million liquidated in a single day, the vast majority of them long positions.
🏛️ U.S. government wallets moved more than 10,000 BTC to Coinbase Prime, adding to fears of further selling.
Levels I'm watching:
✅ Support: US$ 82.000. It held up at the end of September.
⚠️ If it breaks: US$ 81.300 is the next floor.
🎯 To recover: first US$ 84.000. The broader ceiling remains at 87,000.
What's coming up:
📅 October 14: U.S. inflation data (CPI).
📅 October 27 and 28: Fed meeting.
The weekend brings low volume and sharp moves. With the price hugging support, this isn't the time to use leverage: it's time to protect your capital and wait for confirmation. 🧠
What do you see: a bounce from here or another leg down? 👇
This is not financial advice. Do your own research.
#bitcoin #BTC #Uptober #CryptoMarket #BinanceSquare