☀️ Morning Update | Monday
₿ Bitcoin bounced from its weekend low of 80,684$ and touched 82,882$ overnight. It’s now trading around 82,750$ 📈 Ethereum is around 2,430$ , and Solana around 105.8$.
📌 Risk appetite returned after China’s economic growth came in at 4.5% in the third quarter, better than expected, alongside falling oil prices.
📌 However, Bitcoin ETFs recorded their second consecutive week of outflows, totaling around $228 million, while Ethereum funds saw $319 million in outflows.
🟡 Gold: Futures are around 4,196$ after touching 4,200. Fed Chair Warsh’s comments lowered the chance of an October rate hike to below 20%. The Fed is now in its quiet period ahead of the October 27–28 meeting.
📊 Bitcoin analysis BTC/USDT – Daily timeframe
📈 Trend: Positive rebound; price is above the 50-day average and below the 20-day average (MA20: 83,351 | MA50: 81,537)
🟥 Resistance: 83,500 / 84,350
🟩 Support: 82,000 / 80,700
🟢 The price has moved above the 82,300 area that rejected it yesterday. A daily close above 83,500 would open the way toward 84,350.
🔴 A move back below 82,000 would return it to a sideways range, while a close below 80,700 would increase selling pressure.
⏳ There’s no clear spot trade right now; we’re waiting for confirmation above the 20-day average 👌
$BTC $ETH $PAXG
#Bitcoin #Crypto #Gold
⚠️ This is not financial advice. Please practice sound capital management 🤝
₿ Bitcoin bounced from its weekend low of 80,684$ and touched 82,882$ overnight. It’s now trading around 82,750$ 📈 Ethereum is around 2,430$ , and Solana around 105.8$.
📌 Risk appetite returned after China’s economic growth came in at 4.5% in the third quarter, better than expected, alongside falling oil prices.
📌 However, Bitcoin ETFs recorded their second consecutive week of outflows, totaling around $228 million, while Ethereum funds saw $319 million in outflows.
🟡 Gold: Futures are around 4,196$ after touching 4,200. Fed Chair Warsh’s comments lowered the chance of an October rate hike to below 20%. The Fed is now in its quiet period ahead of the October 27–28 meeting.
📊 Bitcoin analysis BTC/USDT – Daily timeframe
📈 Trend: Positive rebound; price is above the 50-day average and below the 20-day average (MA20: 83,351 | MA50: 81,537)
🟥 Resistance: 83,500 / 84,350
🟩 Support: 82,000 / 80,700
🟢 The price has moved above the 82,300 area that rejected it yesterday. A daily close above 83,500 would open the way toward 84,350.
🔴 A move back below 82,000 would return it to a sideways range, while a close below 80,700 would increase selling pressure.
⏳ There’s no clear spot trade right now; we’re waiting for confirmation above the 20-day average 👌
$BTC $ETH $PAXG
#Bitcoin #Crypto #Gold
⚠️ This is not financial advice. Please practice sound capital management 🤝