**🗓️ Weekly close on Sunday (9 p.m.): BTC reaches $81,800 as the weekly chart calls for caution**
BTC at $81,796 (-0.7%), with a 24-hour low of $80,809.
📊 Weekly: the last two candles are red, after rejection at $87,395
🟢 Weekly MACD positive (DIF 2,316 above DEA) and price ~14% above the middle band (~$71,560)
🟡 StochRSI at 86, turning downward, and Williams %R at -22 (stretched)
🟡 RSI(14) at 56.8 and OBV pulling back from its peak
📗 Order book with 71% buy orders, but weak weekly volume
🏦 September CPI at 3.72% annually, the Fed meeting on 27–28/10, and long-term interest rates at their highest since 2002
😐 Fear and Greed at 47 (Neutral) on Thursday
In other words: the medium-term trend is still intact, but momentum has cooled. It’s not time to buy yet.
What I’m watching: a weekly close below $80,000 would weaken the picture, while a move above $87,400 only counts with volume and ETF inflows.
Plan: enter only if the daily StochRSI crosses above 20 and price closes above the lower band. Support zones: ~$75,000 and ~$71,500.
Stay tuned—I’ll let you know when the setup appears 🔔
⚠️ Technical analysis is not a guarantee or a recommendation. Crypto is high risk.
#Bitcoin #BitcoinShortTermHoldersReach4.08MBTC #OctoberFedHikeOddsFallToAround17% $BTC
BTC at $81,796 (-0.7%), with a 24-hour low of $80,809.
📊 Weekly: the last two candles are red, after rejection at $87,395
🟢 Weekly MACD positive (DIF 2,316 above DEA) and price ~14% above the middle band (~$71,560)
🟡 StochRSI at 86, turning downward, and Williams %R at -22 (stretched)
🟡 RSI(14) at 56.8 and OBV pulling back from its peak
📗 Order book with 71% buy orders, but weak weekly volume
🏦 September CPI at 3.72% annually, the Fed meeting on 27–28/10, and long-term interest rates at their highest since 2002
😐 Fear and Greed at 47 (Neutral) on Thursday
In other words: the medium-term trend is still intact, but momentum has cooled. It’s not time to buy yet.
What I’m watching: a weekly close below $80,000 would weaken the picture, while a move above $87,400 only counts with volume and ETF inflows.
Plan: enter only if the daily StochRSI crosses above 20 and price closes above the lower band. Support zones: ~$75,000 and ~$71,500.
Stay tuned—I’ll let you know when the setup appears 🔔
⚠️ Technical analysis is not a guarantee or a recommendation. Crypto is high risk.
#Bitcoin #BitcoinShortTermHoldersReach4.08MBTC #OctoberFedHikeOddsFallToAround17% $BTC