🥊 Round Three: Bitcoin vs. the $87K Ceiling
BTC is at $86,460 on the 4H, up 1.3%, wicking as high as $86,770. The same ceiling that capped September's double top and the October 2 spike is right back in front of it.
Round one: $87.4K in late September. Rejected.
Round two: $87.3K on October 2, around the jobs report. Rejected harder, all the way to $83.9K.
Round three: happening now.
What's different this time is the floor. 👀
The lows keep climbing: $82.4K on September 28, about $83K on October 1, and $83.9K after the jobs-report flush. A flat ceiling over rising lows is the shape of an ascending triangle, and those often resolve upward.
This 4H candle is also on track to close above $86K, the trigger we flagged last time for a real shot at $87.4K.
The macro backdrop helps too. Friday's weak jobs report pulled October hike odds sharply lower, easing the pressure on risk assets.
But ceilings tested three times are stubborn for a reason. Each rejection left sellers stacked between $86K and $87.4K, and part of this push came on thin weekend volume.
The levels.
Close above $87.4K, and the ceiling becomes the floor, with the September highs finally behind it.
Get rejected again, and $85K, then the $83.2K to $84.1K demand zone, are the first stops.
Third tests can break walls or break hearts. Let the close decide.
Ceiling breaks this time, or round three goes to the sellers? 🔥
Not financial advice. $BTC
$STRK
$AIN
BTC is at $86,460 on the 4H, up 1.3%, wicking as high as $86,770. The same ceiling that capped September's double top and the October 2 spike is right back in front of it.
Round one: $87.4K in late September. Rejected.
Round two: $87.3K on October 2, around the jobs report. Rejected harder, all the way to $83.9K.
Round three: happening now.
What's different this time is the floor. 👀
The lows keep climbing: $82.4K on September 28, about $83K on October 1, and $83.9K after the jobs-report flush. A flat ceiling over rising lows is the shape of an ascending triangle, and those often resolve upward.
This 4H candle is also on track to close above $86K, the trigger we flagged last time for a real shot at $87.4K.
The macro backdrop helps too. Friday's weak jobs report pulled October hike odds sharply lower, easing the pressure on risk assets.
But ceilings tested three times are stubborn for a reason. Each rejection left sellers stacked between $86K and $87.4K, and part of this push came on thin weekend volume.
The levels.
Close above $87.4K, and the ceiling becomes the floor, with the September highs finally behind it.
Get rejected again, and $85K, then the $83.2K to $84.1K demand zone, are the first stops.
Third tests can break walls or break hearts. Let the close decide.
Ceiling breaks this time, or round three goes to the sellers? 🔥
Not financial advice. $BTC
$STRK
$AIN
