*BTC Reclaims $82K After Falling Below $80K - What's Next?*
Market bounced back today.
After a sharp sell-off yesterday triggered by US CPI data (3.7% vs expected), BTC briefly broke below $80,000 for the first time in a month, testing $79,800. Nearly $1B in liquidations.
Today, as of Oct 16:
BTC: *$82,241 (+0.67%)* - Holding above $82K again
ETH: *$2,442 (+0.79%)* - Recovered from $2,315 low
Altcoins: TIA +16%, INJ +7.7% leading
*Why the bounce?*
Fed Chair remains cautious on rate hikes. The probability of a rate hike in October dropped from 30% to 15%. Asian markets also recovered - Kospi +2.05%.
*My Spot Strategy (No Futures):*
This is why I prefer Spot. Futures traders got liquidated yesterday, Spot holders just had to wait.
BTC is now trading sideways in the $79,800 - $87,400 range.
Immediate support: $80,300 / $79,800
Resistance: $82,500 / $87,400
I'm not FOMO buying. Waiting for a daily close above $82,500 for confirmation. Patience > Leverage.
What's your view? Accumulation zone or more downside to $75K?
#BTC #ETH #CryptoNews
Market bounced back today.
After a sharp sell-off yesterday triggered by US CPI data (3.7% vs expected), BTC briefly broke below $80,000 for the first time in a month, testing $79,800. Nearly $1B in liquidations.
Today, as of Oct 16:
BTC: *$82,241 (+0.67%)* - Holding above $82K again
ETH: *$2,442 (+0.79%)* - Recovered from $2,315 low
Altcoins: TIA +16%, INJ +7.7% leading
*Why the bounce?*
Fed Chair remains cautious on rate hikes. The probability of a rate hike in October dropped from 30% to 15%. Asian markets also recovered - Kospi +2.05%.
*My Spot Strategy (No Futures):*
This is why I prefer Spot. Futures traders got liquidated yesterday, Spot holders just had to wait.
BTC is now trading sideways in the $79,800 - $87,400 range.
Immediate support: $80,300 / $79,800
Resistance: $82,500 / $87,400
I'm not FOMO buying. Waiting for a daily close above $82,500 for confirmation. Patience > Leverage.
What's your view? Accumulation zone or more downside to $75K?
#BTC #ETH #CryptoNews