It’s the weekend today. Bitcoin currently looks more like a short-term recovery after a decline; it’s still too early to confirm that a bottom has formed.
BTC is currently around $82,800, and ETH around $2,490. After a series of pullbacks, the market has seen a modest rebound, but overall sentiment remains weak.
1. Macro environment: Concerns over US-Iran tensions have eased for now, helping market sentiment recover somewhat. However, US Treasury yields remain high, continuing to weigh on risk assets.
2. Fund flows: On October 9, spot BTC ETFs recorded net inflows of $21.1 million, ending two consecutive days of significant outflows. ETH ETFs, however, still saw net outflows of $56.1 million, suggesting that funds have yet to return across the board.
3. Key levels: For BTC, the key support level to watch is $80,000. To the upside, watch whether it can break decisively through the $85,500–$87,000 range.
Next, the main things to watch are whether ETF inflows continue and whether price and trading volume improve together.
Rather than trying to predict the bottom, I’d prefer to wait for a clear signal that the market has stabilized. Be patient and wait for trading opportunities.
$BTC $ETH $SOL #以太坊突破2500USDT #STRK24小时上涨约20%
BTC is currently around $82,800, and ETH around $2,490. After a series of pullbacks, the market has seen a modest rebound, but overall sentiment remains weak.
1. Macro environment: Concerns over US-Iran tensions have eased for now, helping market sentiment recover somewhat. However, US Treasury yields remain high, continuing to weigh on risk assets.
2. Fund flows: On October 9, spot BTC ETFs recorded net inflows of $21.1 million, ending two consecutive days of significant outflows. ETH ETFs, however, still saw net outflows of $56.1 million, suggesting that funds have yet to return across the board.
3. Key levels: For BTC, the key support level to watch is $80,000. To the upside, watch whether it can break decisively through the $85,500–$87,000 range.
Next, the main things to watch are whether ETF inflows continue and whether price and trading volume improve together.
Rather than trying to predict the bottom, I’d prefer to wait for a clear signal that the market has stabilized. Be patient and wait for trading opportunities.
$BTC $ETH $SOL #以太坊突破2500USDT #STRK24小时上涨约20%