🗽🗽🗽🗽🗽🗽🗽🗽🗽🗽🗽🗽🗽🗽
10.22 Thursday BTC and ETH Strategy
BTC is currently around 84200, and ETH around 2471. BTC is fluctuating in the 84000–85000 range, with overhead resistance at 85000–85500 being tested repeatedly. Short-term support is at 83500–83800, with deeper support at 81500–82000. Until the range breaks, don’t chase the market; trade the fluctuations.
Capital flows are clearly diverging: in the short term, BTC ETFs are seeing inflows, but October overall has seen outflows. Weekly inflows don’t change the monthly trend. ETH ETFs have seen outflows for 15 consecutive days, with capital shifting from ETH to BTC; ETH’s weakness remains unchanged. On the macro front, a rate hike in December is now virtually inevitable. US Treasury yields and oil prices remain high, so interest rate pressure has only been postponed, not eliminated.
Trading recommendations
BTC: Open short positions in stages within the 84200–85000 range, targeting 83000–83500. If it breaks down, watch 82000–81500. ETH: At around 2471, you can try a small short position; add to it on a bounce to 2500–2520. Target 2430–2400; if it breaks down, watch 2380–2350.
ETH: At around 2471, you can try a small short position; add to it on a bounce to 2500–2520. Target 2430–2400; if it breaks down, watch 2380–2350.
$BTC
$ETH
#PRINW👀👇
10.22 Thursday BTC and ETH Strategy
BTC is currently around 84200, and ETH around 2471. BTC is fluctuating in the 84000–85000 range, with overhead resistance at 85000–85500 being tested repeatedly. Short-term support is at 83500–83800, with deeper support at 81500–82000. Until the range breaks, don’t chase the market; trade the fluctuations.
Capital flows are clearly diverging: in the short term, BTC ETFs are seeing inflows, but October overall has seen outflows. Weekly inflows don’t change the monthly trend. ETH ETFs have seen outflows for 15 consecutive days, with capital shifting from ETH to BTC; ETH’s weakness remains unchanged. On the macro front, a rate hike in December is now virtually inevitable. US Treasury yields and oil prices remain high, so interest rate pressure has only been postponed, not eliminated.
Trading recommendations
BTC: Open short positions in stages within the 84200–85000 range, targeting 83000–83500. If it breaks down, watch 82000–81500. ETH: At around 2471, you can try a small short position; add to it on a bounce to 2500–2520. Target 2430–2400; if it breaks down, watch 2380–2350.
ETH: At around 2471, you can try a small short position; add to it on a bounce to 2500–2520. Target 2430–2400; if it breaks down, watch 2380–2350.
$BTC
$ETH
#PRINW👀👇
