📊 Bitcoin, October 25: Holding $83,000–$86,000 and scenarios for month-end
Good morning! ☀️
Bitcoin is ending October in a tense sideways range around $83,000–$86,000.
Despite local consolidations, BTC dominance remains high, shaping the dynamics of the entire altcoin market.
What to watch today:
Support: $81,500 — a key zone for the bulls.
Resistance: $86,500 — a breakout would open the way to new Q4 highs.
Drivers: Inflows/outflows in spot ETFs and macroeconomic rate expectations.
💡 Strategy: Don’t rush into leveraged trades over the weekend; watch the daily candle close.
Trade idea for $BTC today:
Entry Zone: $81,000–$81,600 (a test of the bearish Order Block zone, imbalance, and premium range during a corrective bounce).
TP: $79,200 / $77,500 (the first target is a new local low and a sweep of liquidity below; the second target is a deeper support zone on a higher timeframe).
SL: $82,300 (placed above the local structural high; a breakout and price holding above this level would break the bearish structure and invalidate the trade idea).
👇
#BTC #bitcoin #CryptoMarket #BinanceSquare
Good morning! ☀️
Bitcoin is ending October in a tense sideways range around $83,000–$86,000.
Despite local consolidations, BTC dominance remains high, shaping the dynamics of the entire altcoin market.
What to watch today:
Support: $81,500 — a key zone for the bulls.
Resistance: $86,500 — a breakout would open the way to new Q4 highs.
Drivers: Inflows/outflows in spot ETFs and macroeconomic rate expectations.
💡 Strategy: Don’t rush into leveraged trades over the weekend; watch the daily candle close.
Trade idea for $BTC today:
Entry Zone: $81,000–$81,600 (a test of the bearish Order Block zone, imbalance, and premium range during a corrective bounce).
TP: $79,200 / $77,500 (the first target is a new local low and a sweep of liquidity below; the second target is a deeper support zone on a higher timeframe).
SL: $82,300 (placed above the local structural high; a breakout and price holding above this level would break the bearish structure and invalidate the trade idea).
👇
#BTC #bitcoin #CryptoMarket #BinanceSquare