🎢 The roller coaster is moving again: a day trip to 81,000, down for a sip of tea, then right back up
$BTC is now at 81,635 (24h +0.52%). It briefly dipped below 81,000 early this morning, then climbed back up—whales are pulling off the ultimate “I kicked myself” maneuver.
$ETH 2,389.7 (24h +0.01%) is lingering on the “ground floor” of its 30-day price range, almost ready to move into the basement.
$SOL 103.61 (24h +0.72%) is the most resilient of the three major coins today.
Market data as of 7:09 this morning, live on TradingView.
💡 In plain English: Galaxy Research’s review last night said October weakened because of “soft institutional buying + net outflows from spot ETFs”—longtime crypto holders are selling, and institutions aren’t stepping in. Put simply: there’s food on the table, but nobody’s picking up their chopsticks.
🔹 There’s good news, too: the 80,000 level was tested repeatedly last week but never truly broken, and buyers below are still hanging on. But ETH’s risk thermometer just hit the mid-to-high 60s; volatility could pick up from here, so let’s wait for things to settle before drawing conclusions.
Here’s the straightforward take: short-term outlook is bearish. BTC is fighting to defend 80,000. If it holds, watch for a rebound toward the 82,300 resistance zone; if 80,000 really breaks, the next target is the previous low at 79,800. One quick word on risk: rate-hike bets are heating up after CPI and PPI both came in scorching hot—don’t use leverage.
Which side are you on: will 80,000 hold or not? Tell us in the comments 👇
For reference only; not investment advice.
$BTC is now at 81,635 (24h +0.52%). It briefly dipped below 81,000 early this morning, then climbed back up—whales are pulling off the ultimate “I kicked myself” maneuver.
$ETH 2,389.7 (24h +0.01%) is lingering on the “ground floor” of its 30-day price range, almost ready to move into the basement.
$SOL 103.61 (24h +0.72%) is the most resilient of the three major coins today.
Market data as of 7:09 this morning, live on TradingView.
💡 In plain English: Galaxy Research’s review last night said October weakened because of “soft institutional buying + net outflows from spot ETFs”—longtime crypto holders are selling, and institutions aren’t stepping in. Put simply: there’s food on the table, but nobody’s picking up their chopsticks.
🔹 There’s good news, too: the 80,000 level was tested repeatedly last week but never truly broken, and buyers below are still hanging on. But ETH’s risk thermometer just hit the mid-to-high 60s; volatility could pick up from here, so let’s wait for things to settle before drawing conclusions.
Here’s the straightforward take: short-term outlook is bearish. BTC is fighting to defend 80,000. If it holds, watch for a rebound toward the 82,300 resistance zone; if 80,000 really breaks, the next target is the previous low at 79,800. One quick word on risk: rate-hike bets are heating up after CPI and PPI both came in scorching hot—don’t use leverage.
Which side are you on: will 80,000 hold or not? Tell us in the comments 👇
For reference only; not investment advice.