Bro, $BTC just broke below the psychological 80K mark: trading around 79.644 (-0.56%/24h), below both the EMA20 (79.984) and EMA50 (80.224). The 1H RSI is 40.8 — sellers are in control, but we’re not yet in oversold territory, meaning there’s still room to fall if selling pressure continues.
$ETH isn’t doing any better: 2.304 (-0.63%). SOL also fell below 100 to 99.56 (-1.42%). Market breadth is just 325/771 pairs in the green (42.2%) — red is still dominating. A rare bright spot: OSMO (+19.6%) and BANK (+18.6%) are holding up well against the trend.
Two scenarios for the next 18 hours to consider, bro (check the chart):
• Hold support at 79.221 → rebound to the EMA50 at 80.224, with 80.538 as the next level.
• Break below 79.221 → a deeper correction, with the next area around 78.900.
Note: The FOMC interest rate decision is on 28/10 U.S. time, and volatility could spike unexpectedly around the event. Keep your position size small here; don’t go all-in, bro.
Data analysis, not investment advice.
#Bitcoin #Crypto #TechnicalAnalysis
$ETH isn’t doing any better: 2.304 (-0.63%). SOL also fell below 100 to 99.56 (-1.42%). Market breadth is just 325/771 pairs in the green (42.2%) — red is still dominating. A rare bright spot: OSMO (+19.6%) and BANK (+18.6%) are holding up well against the trend.
Two scenarios for the next 18 hours to consider, bro (check the chart):
• Hold support at 79.221 → rebound to the EMA50 at 80.224, with 80.538 as the next level.
• Break below 79.221 → a deeper correction, with the next area around 78.900.
Note: The FOMC interest rate decision is on 28/10 U.S. time, and volatility could spike unexpectedly around the event. Keep your position size small here; don’t go all-in, bro.
Data analysis, not investment advice.
#Bitcoin #Crypto #TechnicalAnalysis
