Bitcoin is getting “ground into the floor by macro-driven leverage”: after the early-morning CPI release, it plunged from 84.2k to 80,125, then recovered to around 81,200 during the European session. The 50-day moving average is around 81,164 and the 200-day is at 72,205. The broader structure is intact, but short-term momentum is ugly. Nearly $970 million in positions were liquidated across the market in 24 hours, including about $197 million in BTC longs; ETH liquidations were twice as bad as BTC’s.
Technical levels:
• Support: 80,125 (today’s low) / 78,800 / 76,500
• Resistance: 84,200 (today’s high area) / 85,000 / 87,000
• RSI is 51.9 and the trend is neutral, but the 4H chart shows a “bear-flag bounce,” not a reversal
• Key question: will the psychological 80k level hold? If U.S. stocks sell off again during the New York session, 80k may not hold
Many people only watch a single BTC/USDT candlestick and can get fooled by a wick. For day-to-day monitoring, you can check the latest cryptocurrency prices on BiyaPay and add BTC, ETH, SOL, and XRP to your watchlist. Seeing total market cap, Fear & Greed (extreme fear), and sector strength on one screen is more reliable than opening an exchange’s depth chart on its own.
Strategy:
• Conservative: Look to buy the lower wick around 80.1–80.5k, with a stop at 79.6k and a target of 82.8k
• Aggressive: Go long if price breaks above and holds 84.2k on strong 15m volume; target 85k. Exit on a false breakout
• Risk: CPI + U.S. Treasury yields + a hawkish Fed—treat a bounce as a chance to reduce positions, not add to them
• Avoid: Chasing at 81k or panic-selling at 79.9k
BTC isn’t dead, but the “October new-high narrative” has shifted back to “liquidity-driven pricing.” Hold 80k first, then talk about 85k.
Technical levels:
• Support: 80,125 (today’s low) / 78,800 / 76,500
• Resistance: 84,200 (today’s high area) / 85,000 / 87,000
• RSI is 51.9 and the trend is neutral, but the 4H chart shows a “bear-flag bounce,” not a reversal
• Key question: will the psychological 80k level hold? If U.S. stocks sell off again during the New York session, 80k may not hold
Many people only watch a single BTC/USDT candlestick and can get fooled by a wick. For day-to-day monitoring, you can check the latest cryptocurrency prices on BiyaPay and add BTC, ETH, SOL, and XRP to your watchlist. Seeing total market cap, Fear & Greed (extreme fear), and sector strength on one screen is more reliable than opening an exchange’s depth chart on its own.
Strategy:
• Conservative: Look to buy the lower wick around 80.1–80.5k, with a stop at 79.6k and a target of 82.8k
• Aggressive: Go long if price breaks above and holds 84.2k on strong 15m volume; target 85k. Exit on a false breakout
• Risk: CPI + U.S. Treasury yields + a hawkish Fed—treat a bounce as a chance to reduce positions, not add to them
• Avoid: Chasing at 81k or panic-selling at 79.9k
BTC isn’t dead, but the “October new-high narrative” has shifted back to “liquidity-driven pricing.” Hold 80k first, then talk about 85k.