U.S. stocks have already bounced back, but crypto is still stuck in place? 10.10 early morning $BTC $ETH close-of-day recap | Bitcoin tested 83,500 twice in two days and got pushed back down both times
Honestly, I just finished watching the U.S. stock market close and I’m kind of speechless. U.S. stocks rebounded across the board on Friday, with the S&P just a hair away from a new high, but Bitcoin didn’t follow at all. It’s now around 82.3K, up only 0.6% in 24h.
The reason isn’t hard to guess: according to Farside data, BTC spot ETFs saw $729 million in outflows over the 7th and 8th, and ETH ETFs have had 8 straight trading days of net outflows, totaling $640 million. Institutions are pulling out, and retail can’t push it up.
See the chart below 👇 The red dashed line for BTC is 83,500. In the past two days, it went up there twice and got shoved back down immediately; the green dashed line at 80,400 is this week’s low.
ETH is a bit weaker, around 2480, and it drops as soon as it touches 2520. ETH/BTC has fallen to 0.030, so this round Bitcoin is still holding up better.
My take: weekend volume is light, don’t chase in the middle, wait for the right levels —
· Entry zone: BTC 80,400–81,000 / ETH 2410–2440
· Resistance: BTC 83,500 / ETH 2520, 2590
· Invalidated: if BTC breaks below 80K decisively / ETH breaks below 2400, don’t hold on stubbornly
Only when it gets above 83,500 will the bears really start feeling pain. Before that, it’s just grinding. Next Wednesday’s CPI is the real directional signal. Anyone going all-in now is a warrior 😅
Do you think this weekend we’ll first wick down to 80K, or first break above 83,500?
⚠️ Just my random rambling, not investment advice.
#Bitcoin rebounds to 83K #BTC
$BTC
$ETH
Honestly, I just finished watching the U.S. stock market close and I’m kind of speechless. U.S. stocks rebounded across the board on Friday, with the S&P just a hair away from a new high, but Bitcoin didn’t follow at all. It’s now around 82.3K, up only 0.6% in 24h.
The reason isn’t hard to guess: according to Farside data, BTC spot ETFs saw $729 million in outflows over the 7th and 8th, and ETH ETFs have had 8 straight trading days of net outflows, totaling $640 million. Institutions are pulling out, and retail can’t push it up.
See the chart below 👇 The red dashed line for BTC is 83,500. In the past two days, it went up there twice and got shoved back down immediately; the green dashed line at 80,400 is this week’s low.
ETH is a bit weaker, around 2480, and it drops as soon as it touches 2520. ETH/BTC has fallen to 0.030, so this round Bitcoin is still holding up better.
My take: weekend volume is light, don’t chase in the middle, wait for the right levels —
· Entry zone: BTC 80,400–81,000 / ETH 2410–2440
· Resistance: BTC 83,500 / ETH 2520, 2590
· Invalidated: if BTC breaks below 80K decisively / ETH breaks below 2400, don’t hold on stubbornly
Only when it gets above 83,500 will the bears really start feeling pain. Before that, it’s just grinding. Next Wednesday’s CPI is the real directional signal. Anyone going all-in now is a warrior 😅
Do you think this weekend we’ll first wick down to 80K, or first break above 83,500?
⚠️ Just my random rambling, not investment advice.
#Bitcoin rebounds to 83K #BTC
$BTC
$ETH