$BTC is sitting on the $80K test — not a breakout, not a breakdown yet.
Price today 26 Oct: ~$80,058, down -0.31% on the day, RSI 41.5, below the 50-day average near $81,700. Weekend low was $79,146. Support below is $79,220, then $78,500-$79,000. Resistance above is $80,500-$81,000, then $82,200-$82,500.
My plan, no chase:
Entry: $79,800 - $80,400
Stop-loss: $79,100
TP1: $81,700
TP2: $82,500
TP3: $84,000
Invalidation: daily close below $79,100
Why this range matters: BTC lost the $80,500-$81,000 zone and is under its 50-day average, with the Fed decision on Wednesday and $635M in ETF outflows on 22 Oct still in the background. Volume is thin, so a reclaim needs a daily close, not a wick.
Risk: If $79,100 breaks, $78,500 and $77,000 are next. This is educational only, not financial advice.
Are you waiting for the reclaim above $81,000, or shorting the breakdown below $79,100 — and why in one line?
#BTC #Bitcoin #CryptoTrading
Price today 26 Oct: ~$80,058, down -0.31% on the day, RSI 41.5, below the 50-day average near $81,700. Weekend low was $79,146. Support below is $79,220, then $78,500-$79,000. Resistance above is $80,500-$81,000, then $82,200-$82,500.
My plan, no chase:
Entry: $79,800 - $80,400
Stop-loss: $79,100
TP1: $81,700
TP2: $82,500
TP3: $84,000
Invalidation: daily close below $79,100
Why this range matters: BTC lost the $80,500-$81,000 zone and is under its 50-day average, with the Fed decision on Wednesday and $635M in ETF outflows on 22 Oct still in the background. Volume is thin, so a reclaim needs a daily close, not a wick.
Risk: If $79,100 breaks, $78,500 and $77,000 are next. This is educational only, not financial advice.
Are you waiting for the reclaim above $81,000, or shorting the breakdown below $79,100 — and why in one line?
#BTC #Bitcoin #CryptoTrading
