Bitcoin’s weekly candle closes tonight: let’s lay out the ceiling and the floor once and for all.
It hit a high of $82,003 intraday, then pulled back to around $81,700. It keeps moving back and forth without breaking above $82,800.
Analysts’ game plan is crystal clear: hold above $82,800 on the weekly close, and $90,000 is next; lose $80,000, and it’s straight down to $70,000.
Money is flowing out: in October, U.S. spot BTC and ETH ETFs have seen net outflows of more than $1 billion. In the single week from October 12 to 16, redemptions totaled $610 million.
With CPI at 3.72% and interest rates starting at 3.75%, money can earn a return just sitting on the sidelines—why jump in and catch the falling knife?
My take: until $82,800 is firmly reclaimed, this is weak, choppy price action. I’m not chasing. If $80,000 breaks, the bears take over; I’ll keep watching.
Invalidation: if the weekly candle closes above $82,800 and ETFs turn to net inflows, this view is off the table—I’ll own it.
Which happens first this time: bulls reclaim $82,800, or $80,000 breaks?
$BTC $ETH $SOL
#比特币 #BTC
The above does not constitute investment advice. DYOR. Trading involves risk.
It hit a high of $82,003 intraday, then pulled back to around $81,700. It keeps moving back and forth without breaking above $82,800.
Analysts’ game plan is crystal clear: hold above $82,800 on the weekly close, and $90,000 is next; lose $80,000, and it’s straight down to $70,000.
Money is flowing out: in October, U.S. spot BTC and ETH ETFs have seen net outflows of more than $1 billion. In the single week from October 12 to 16, redemptions totaled $610 million.
With CPI at 3.72% and interest rates starting at 3.75%, money can earn a return just sitting on the sidelines—why jump in and catch the falling knife?
My take: until $82,800 is firmly reclaimed, this is weak, choppy price action. I’m not chasing. If $80,000 breaks, the bears take over; I’ll keep watching.
Invalidation: if the weekly candle closes above $82,800 and ETFs turn to net inflows, this view is off the table—I’ll own it.
Which happens first this time: bulls reclaim $82,800, or $80,000 breaks?
$BTC $ETH $SOL
#比特币 #BTC
The above does not constitute investment advice. DYOR. Trading involves risk.