🚀 Good Morning Crypto Family! - 16 Oct 🚀
_BTC Update:_ $82,240 (+1.33%) 🔥
Yesterday, the strong $80,000 support held, and the recovery is now picking up pace! The price reached a high of $82,634.
_ETH Update:_ $2,442 (+0.79%) 💙
After bouncing from a low of $2,324, it's now testing resistance at $2,467.
📊 _Analysis:_
Support: BTC $80,300 / ETH $2,400
Resistance: BTC $82,500-$82,634 / ETH $2,500
RSI 48 - Momentum is neutral, and MACD is still weak.
The price is above the 50-Day EMA at $80,443 - the bullish structure remains intact!
💡 _Is the CPI scare over?_ The chances of a Fed rate hike have fallen from 47% to 27%. There's some ETF outflow, but recovery mode is on.
What's your plan? Long or wait? 👇
$BTC $ETH #BTC #ETH #Crypto #Bitcoin #Write2Earn #CryptoNews
_BTC Update:_ $82,240 (+1.33%) 🔥
Yesterday, the strong $80,000 support held, and the recovery is now picking up pace! The price reached a high of $82,634.
_ETH Update:_ $2,442 (+0.79%) 💙
After bouncing from a low of $2,324, it's now testing resistance at $2,467.
📊 _Analysis:_
Support: BTC $80,300 / ETH $2,400
Resistance: BTC $82,500-$82,634 / ETH $2,500
RSI 48 - Momentum is neutral, and MACD is still weak.
The price is above the 50-Day EMA at $80,443 - the bullish structure remains intact!
💡 _Is the CPI scare over?_ The chances of a Fed rate hike have fallen from 47% to 27%. There's some ETF outflow, but recovery mode is on.
What's your plan? Long or wait? 👇
$BTC $ETH #BTC #ETH #Crypto #Bitcoin #Write2Earn #CryptoNews