$BTC
Bitcoin is being tested around 80k again. This is not the time to be afraid; it's the time to understand what's happening.
Today's market update, Oct 26: BTC is around 80,400, after dipping to 79,146 over the weekend, with more than 810 million in liquidations. ETH is at 2336, and XRP is holding at 1.29. The reason is clear: Fed week has begun, Brent is near 110, and the US 10-year yield is at 5%, so the market is in risk-off mode.
ETFs also saw 772 million in outflows on Thursday and Friday, which is why the price fell. But this is exactly when opportunities arise.
My simple plan:
1. Don't sell in a panic
2. Wait for support—79.5k and 78.4k are important support levels for BTC
3. Use DCA. When everyone is afraid, smart investors accumulate
Big traders are now betting on a 90k target for after the midterm elections. The Fed's decision is on Wednesday; the direction should become clear after that.
What do you think—is this the best opportunity to buy the dip, or will the market go lower? Be sure to share your opinion in the comments.
#bitcoin #CryptoMarkets #BinancePick
Bitcoin is being tested around 80k again. This is not the time to be afraid; it's the time to understand what's happening.
Today's market update, Oct 26: BTC is around 80,400, after dipping to 79,146 over the weekend, with more than 810 million in liquidations. ETH is at 2336, and XRP is holding at 1.29. The reason is clear: Fed week has begun, Brent is near 110, and the US 10-year yield is at 5%, so the market is in risk-off mode.
ETFs also saw 772 million in outflows on Thursday and Friday, which is why the price fell. But this is exactly when opportunities arise.
My simple plan:
1. Don't sell in a panic
2. Wait for support—79.5k and 78.4k are important support levels for BTC
3. Use DCA. When everyone is afraid, smart investors accumulate
Big traders are now betting on a 90k target for after the midterm elections. The Fed's decision is on Wednesday; the direction should become clear after that.
What do you think—is this the best opportunity to buy the dip, or will the market go lower? Be sure to share your opinion in the comments.
#bitcoin #CryptoMarkets #BinancePick
