Today's outlook
$BTC Pullback short zone: 82400–82800; stop-loss: 83450; first target: 80961; second target: 80493. Invalidated if the 4H candle closes back above 83400.
$ETH Half of the 2505 short position remains open, with the stop-loss at entry. Current price is 2412; continue holding. Do not place new orders.
$ZEC Pullback short zone: 1185–1210; stop-loss: 1248; first target: 1122.6; second target: 1111.3. Invalidated if the 4H candle closes back above 1245.
The 3 biggest factors
1. Short covering: BTC dipped to 80621 in the early hours, then climbed back above 82000. Open interest is declining across all six coins; OKX liquidations are mostly shorts, and ZEC open interest is down 7.3% over 24h.
2. Macro pressure: CPI and PPI ran hot last week. WTI closed at $101.41 on 10/16, and the Nasdaq fell 2.15%. Caution is warranted ahead of the 10/27–28 FOMC meeting.
3. This week's events: ZEC NU7 height setting on 10/20; SOL Alpenglow on 10/21; and options expiry on 10/23, with puts concentrated at $78000 for #BTC
$BTC Pullback short zone: 82400–82800; stop-loss: 83450; first target: 80961; second target: 80493. Invalidated if the 4H candle closes back above 83400.
$ETH Half of the 2505 short position remains open, with the stop-loss at entry. Current price is 2412; continue holding. Do not place new orders.
$ZEC Pullback short zone: 1185–1210; stop-loss: 1248; first target: 1122.6; second target: 1111.3. Invalidated if the 4H candle closes back above 1245.
The 3 biggest factors
1. Short covering: BTC dipped to 80621 in the early hours, then climbed back above 82000. Open interest is declining across all six coins; OKX liquidations are mostly shorts, and ZEC open interest is down 7.3% over 24h.
2. Macro pressure: CPI and PPI ran hot last week. WTI closed at $101.41 on 10/16, and the Nasdaq fell 2.15%. Caution is warranted ahead of the 10/27–28 FOMC meeting.
3. This week's events: ZEC NU7 height setting on 10/20; SOL Alpenglow on 10/21; and options expiry on 10/23, with puts concentrated at $78000 for #BTC